The European Commission has adopted a communication and four reports to help European and national authorities tackle money laundering and terrorist financing risks.

Former president Jean-Claude Juncker’s commission put stricter EU rules in place with the fourth and the fifth anti-money laundering directives and reinforced the supervisory role of the European Banking Authority.

These reports highlight the need for their full implementation while underlining a number of structural shortcomings in the implementation of the EU's anti-money laundering and counter terrorist financing rules.

The latest documents w...