Regulation

EU watchdog preparing to issue guidance on anti-money laundering rules

The EBA's proposal kicks off a public consultation period that ends in early November

The European Union's banking regulator has proposed guidance for financial-sector compliance officers, another step in the bloc's effort to revamp its anti-money-laundering system.

The proposal from the Paris-based European Banking Authority is the latest move by the EU to harmonise anti-money-laundering rules across member states and shift implementation away from national authorities.

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