1 Amendments of Agnès EVREN related to 2019/2130(INI)
Amendment 199 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the agreement on the exchange of information between the ECB and the AML/CFT supervisors; recalls its serious concern about regulatory and supervisory fragmentation in the AML/CFT area, which is ill-suited to supervise the increasing cross-border activity in the EUhas not made it possible to supervise national supervisory authorities and devise adequate responses to their shortcomings; calls on the Commission, as soon as possible, to start working on the overhaul of the EU AML framework and legislation to address more effectively address the risks posed by cross-border illegal activity to the integrity of the EU financial system and the security of EU citizensthe banks most at risk, where national supervision is deemed inadequate to ensure the integrity of the EU financial system and the security of EU citizens; recalls that, in order for the prevention of money laundering and the fight against terrorist financing to be effective, competent authorities and financial institutions must act in a coordinated manner; notes that exchanges of information between those bodies, particularly across borders, have been insufficient;