title=”EU proposes tighter money laundering supervision but no single agency” data-text=”EU proposes tighter money laundering supervision but no single agency” dir=”auto” class=”headline”>EU proposes tighter money laundering supervision but no single agency

By Francesco Guarascio BRUSSELS, Sept 12 : The European Commission has recommended changes to banking supervision following a series of high-profile money laundering cases but stopped short of setting up a new agency to tackle financial crime as called for by the European Central Bank. The move comes after Dutch giant ING last week admitted […]

Hungary’s Orban vows to defy EU pressure ahead of unprecedented vote

By Alastair Macdonald STRASBOURG, France, Sept 11 : Hungarian Prime Minister Viktor Orban told the European Parliament on Tuesday he would not bow to EU “blackmail” as lawmakers prepared to vote on whether to punish Budapest for eroding democracy. Since sweeping to power in 2010, Orban has pressured Hungary’s courts, media and non-governmental groups, as […]