Europe's AML focus under attack
BARCELONA, SPAIN – Experts have criticised the way European countries are waging war against money laundering and terrorist financing, accusing politicians and regulators of focusing solely on strategy and ignoring tactics.
Speaking at a conference in Spain, Jürgen Kapplinghaus, chief prosecutor and deputy national member for Germany at Eurojust, a new EU body created to help co-ordinate the fight against organised crime, said: "We have in Europe all the measures we need to fight money laundering effectively. [But] we don't implement them correctly."
Kapplinghaus focused on the fact that a number of member states have been slow to implement the second money laundering directive, and some have "badly implemented" it
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