A summary of the new EU's anti-money laundering and counter-terrorism financing package proposal
EU LAW FIRM LEGAL NEWS • October 31, 2022Legislators in Latvia and the European Union (EU) have been fighting with the ongoing issue of money laundering for a number of years, and the situation is not made any better by technological advancements that give fraudulent individuals additional avenues to legitimize illegally obtained funds. The legislative recommendations put out by the European Commission to improve the EU's fight against money laundering and terrorist funding are discussed in this article.
