Difficult times also tend, if anything, to reinforce the Union’s desire to deepen its ties with neighbouring European countries, with a view to eventual integration. The launch of this project allows us to strengthen our long-lasting commitment to the Western Balkans. Many of the ESCB’s central banks are taking part in this initiative.
The Federal Reserve works to ensure that the banking organizations we supervise understand the importance of having in place an effective anti-money laundering program. When a Reserve Bank conducts a BSA/anti-money laundering examination of a banking organization under its supervision, the four components of the program establish the framework for the examination.