Accountancy Europe supports new EU action against money laundering - webinar on 10 June

Accountancy Europe supports increased action against money laundering in a smart and collaborative way. We encourage the European Commission’s Anti-Money Laundering (AML) Action Plan for a comprehensive Union policy on preventing money laundering and terrorism financingissued on 7 May 2020 as the first step towards legislative proposals expected in early-2021. We will contribute our feedback to the public consultation.

Register now for our webinar to discuss this Action Plan with the European Commission. We co-host this with the European Contact Group and Transparency International on 10 June at 13.00-14.30 CET .

Smart and collaborative way

With the ongoing coronavirus there has been a rise in scams exploiting people’s fear. Working remotely has also made it harder for financial institutions to connect the dots on checking peoples’ credentials.

Professional accountants play a crucial role in safeguarding the financial system from money laundering. They carry out key tasks, such as customer due diligence and reporting suspicious client activities & non-compliance with laws and regulations. Our members, the professional accountancy bodies, support professionals in practice and discipline if needed.

Accountancy Europe CEO Olivier Boutellis-Taft states: “For the past 10+ years Accountancy Europe has contributed to developing the EU AML framework and making practitioners aware of these rules. We are thus keen to contribute to the European Commission’s initiative to strengthen AML in the EU. Our response to the related consultation will draw on the field experience of the 1 million professional accountants we represent to help the Commission deliver on its objectives.”

Successfully tackling financial crime depends upon all relevant parties, including business leaders, accountants, regulators, standard setters and the financial sector. We call for a joint effort to achieve tangible results on this new AML Action Plan.

The EU’s fight against financial crime: Diving into the Anti-Money Laundering Action plan

Fighting financial crime is a priority for the EU, and the European Commission has just launched its Action Plan on Anti-Money Laundering. Join Accountancy Europe, the European Contact Group and Transparency International for a discussion with the European Commission on refining and implementing this action plan.

We will be live on 10 June at 13.00-14.30 CET for a webinar where we invite you to ask your questions and share your ideas with our experts.

Speakers:

• Raluca Pruna, Head of Unit, Financial Crime, DG FISMA, European Commission
• Wim Mijs, Chief Executive Officer, European Banking Federation
• Angela Foyle, Chair, Anti-Money Laundering Working Party, Accountancy Europe
• Helge Olsson, Financial Services Assurance, EY
• Maira Martini, Research and Policy Expert, Transparency International

We will discuss:

• Which aspects should be regulated?
• How to achieve effective implementation and enforcement across the EU?
• What would be the role for an EU anti-money laundering supervisor?
• Which sectors need to be better covered?
• How can auditors help combat money laundering and terrorist financing?

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From Accountancy Europe