Central Bank says borders should not prevent global criminal investigations ‘If borders are not a barrier to criminals they must not be a barrier to effective global criminal investigations either’
about 6 hours ago
Borders should not be a barrier to effective global criminal investigations, the Central Bank’s director general of financial conduct Derville Rowland said.
Speaking at the International Fraud Prevention Conference on Wednesday, Ms Rowland welcomed the European Commission Anti-Money Laundering Action Plan, saying it would eliminate gaps that could potentially be exploited by criminals and ensure the rules were consistently applied.
“The laundering of the proceeds of crime is a key enabler of most serious and organised crime. Effective anti-money laundering/countering the financing of terrorism regimes are essential to protect the integrity of the global financial system,” Ms Rowland said.
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