EU aims to step up fight against money laundering with new action plan

EU finance ministers on Tuesday adopted a plan to enhance the bloc's defences against money laundering which includes a series of non-legislative measures to be applied in the coming months.

The plan said the EU should work to identify the factors that contributed to money laundering cases at banks in several EU countries. This review would "better inform possible additional actions in the medium and long-term", an EU statement said.