Upcoming Event

Dec
2
14:00

The forthcoming reform of EU Anti-Money Laundering Policy

At this event John Berrigan will be in discussion with Nicolas Veron and an invited-audience on how to create an strategy for countering money-laundering in Europe.

December 2, 2020, 2:00 pm Bruegel, Rue de la Charité 33, 1210 Brussels Invitation-only | Off the Record Topic: Finance & Financial Regulation

Prompted by pervasive allegations of money laundering by EU-based banks since early 2018, the European Commission has consulted on consulted on comprehensive reform of AML policy and especially the establishment of a strong central AML supervisor, with a legislative proposal expected in early 2021. At this event John Berrigan, Director General of DG FISMA will engage in a discussion with an invited audience on the AML reform options, prospects, and trade-offs.

This is an invitation-only event open only to Bruegel Members and a small number of invitees.

Schedule

Dec 2, 2020

14:00-15:00

Conversation

Chair: Nicolas Véron, Senior Fellow

John Berrigan, Director-General, European Commission, DG FISMA

Speakers

John Berrigan

Director-General, European Commission, DG FISMA

Nicolas Véron

Senior Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

[email protected]

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Blog Post

A European anti-money laundering supervisor: From vision to legislation

In fighting anti-money laundering, the European Commission should act fast toward creating a central supervisory authority.

By: Joshua Kirschenbaum, Nicolas Véron and Bruegel Topic: European Macroeconomics & Governance Date: January 24, 2020
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Blog Post

A Major Step Toward Combating Money Laundering in Europe

Combating money laundering in Europe took a momentous step with finance ministers of France, Germany, Italy, Latvia, the Netherlands, and Spain putting forward a joint proposal.

By: Nicolas Véron, Joshua Kirschenbaum and Bruegel Topic: Finance & Financial Regulation Date: November 25, 2019
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Blog Post

The European Union must change its supervisory architecture to fight money laundering

Money laundering scandals at EU banks have become pervasive. The authors here detail the weaknesses the current AML architecture's fundamental weaknesses and propose a new framework.

By: Joshua Kirschenbaum, Nicolas Véron and Bruegel Topic: European Macroeconomics & Governance Date: February 26, 2019
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Past Event

Past Event

Does Europe’s anti-money laundering framework need a regime change?

Proposal for a more efficient fight against money laundering.

Speakers: Raluca Alexandra Pruna, Joshua Kirschenbaum, Tobias Mackie, Olaf Rachstein and Nicolas Véron Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 15, 2018
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Podcast

Podcast

Deep Focus: How to improve anti-money laundering efforts in Europe

In this episode, Bruegel senior fellow Nicolas Véron joins Sean Gibson to discuss the recent Policy Contribution on how to better the European Union anti-money laundering (AML) regime, a paper he has co-written with Joshua Kirschenbaum.

By: The Sound of Economics and Bruegel Topic: European Macroeconomics & Governance Date: October 30, 2018
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Policy Contribution

A better European Union architecture to fight money laundering

A series of banking scandals in multiple EU countries has underlined the shortcomings of Europe's anti-money laundering regime. The impact of these shortcomings has been further underlined by changing geopolitics and by the new reality of European banking union. The imperative of establishing sound supervisory incentives to fight illicit finance effectively demands a stronger EU-level role in anti-money laundering supervision. The authors here detail their plan for a new European unitary architecture, centred on a new European anti-money laundering authority that would work on the basis of deep relationships with national authorities.

By: Joshua Kirschenbaum and Nicolas Véron Topic: European Macroeconomics & Governance Date: October 25, 2018
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Blog Post

Criteria for entry into the ERMII and the banking union: the precedent from Bulgaria

In its bid to join the single currency Bulgaria has made commitments on financial supervision but also wider structural reform which set a precedent for future applicants for participation in the exchange rate mechanism ERMII. Most conditions, though not all, are justified by the additional demands of the banking union. But the envisaged timeline seems ambitious, and verification will not be straightforward.

By: Alexander Lehmann Topic: European Macroeconomics & Governance Date: August 29, 2018