June 6 2019
The European Commission is reviewing past money-laundering cases at EU banks to assess what went wrong and decide possible tweaks to rules, an EU official said, citing Deutsche Bank and Societe General as among the screened lenders.
The review is part of a broader plan to improve the European Union’s approach to combating money laundering after a string of the bloc’s banks across Denmark, Estonia, Latvia, Luxembourg, Malta, the Netherlands and Cyprus were embroiled in scandals.