Does Europe’s Anti-Money Laundering Framework Need a Regime Change?

A series of banking scandals in multiple EU countries has underlined the shortcomings of Europe's anti-money laundering regime. At a recent event hosted by Bruegel, panelists discussed a new proposal sketched in a recent paper by Nicolas Veron and Joshua Kirschenbaum for a new European unitary architecture, centered on a new European anti-money laundering authority that would work on the basis of deep relationships with national authorities.