EBA Takes AML Spotlight With New Powers In Danske Probe
Law360, London (February 27, 2019, 6:36 PM GMT) -- Just two months after winning powers to become Europe's top anti-money laundering enforcer, the European Banking Authority has already fired a warning shot that should make lenders take notice: A marquee investigation into possible regulatory failures that allowed Danske Bank to process some €200 billion in suspicious transactions over nearly a decade without facing scrutiny.
The European Union's newly anointed watchdog for money laundering, the European Banking Authority, has made quick use of its power to examine whether Danish and Estonian regulators broke EU law in allowing Danske Bank to process €200 billion in suspicious transactions. (AP) In addition to a series of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!