Regulators will be flexing their muscles over money laundering

In a recently published joint opinion, the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA), which collectively make up the three European Supervisory Authorities (ESAs), have outlined what they consider to be the present and emerging risks of money laundering and terrorist financing (MLTF) affecting the European Union's (EU) financial sector.