The EU has a dirty-money problem and it’s finally admitting it.
Brussels plans to strip the European Banking Authority of all its anti-money laundering duties and hand them to a new EU anti-money laundering watchdog, according to proposals seen by POLITICO.
The plans, set to be published by the European Commission on July 20 and confirming details first reported by POLITICO in January, are designed to repair much of the reputational damage the bloc endured in recent years after a string of scandals revealed a blind spot in banking supervision.
Amid concerns over the independence of the EBA’s board after the Paris-based agency failed to hold national regulators accountable for sleeping on the job, the Commission plans to hollow out the agency’s dedicated unit and instead transfer the powers to a new Anti-Money Laundering Authority (AMLA), the draft reveals.
High-level webinar: impact of Covid-19 policies on human rights in Europe
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Council of Europe Secretary General Marija Pejčinović Burić will give a keynote speech on Covid-19 policies and their impact on human rights at a webinar organised by the Centre for European Policy Studies (CEPS) starting at 10h00 CET on Tuesday 27 April. Speakers at the online event include:
- Salla Saastamoinen, Acting Director-General, DG Justice and Consumers, European Commission
- Birgit Van Hout, Regional Representative for Europe, UN Human Rights Regional Office for Europe
- Michael O’Flaherty, Director, European Union Agency for Fundamental Rights
The race is between three men: Armin Laschet, the minister-president of North Rhine-Westphalia, Germany s most populous state; Norbert Roettgen, a former environment minister with a foreign policy background; and Friedrich Merz, a one-time arch rival of Merkel who left politics to work for private firms including asset manager BlackRock. He is by far the most conservative of the contenders. There s a real disconnect between the importance of this contest and the attention that has been paid to it, says Marcel Dirsus, a non-resident fellow at Kiel University s Institute for Security Policy. He wonders whether more people in Europe might be able to name the two Democratic candidates who recently won Senate runoffs in the US state of Georgia than the men vying to lead the CDU.
| UPDATED: 16:33, Mon, Jan 11, 2021
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Polls coming out of Scotland indicate a significant surge in pro-independence feeling, with surveys in the latter half of 2020 consistently putting a Yes vote ahead. The Scottish First Minister said late last year that she would aim to secure a vote in 2021. Nicola Sturgeon said in November: We are seeing across the Atlantic, what happens to those who try to hold back the tide of democracy. They get swept away. The point about whether the Westminster Government has to a