The European Commission has presented an ambitious package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules, which includes the creation of a new EU authority to fight money laundering (Trade-based Financial Crime, 21 July 202, New EU AML Authority centrepiece in European Commission’s ambitious AML/CFT proposals).

One of the key tasks for the new EU AML Authority (AMLA) is to enhance cooperation among national financial intelligence units (FIUs).

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