They find jurisdictions with weak or non-existent anti-money laundering legislation attractive, because such jurisdictions allow them to move money about and conceal their illegally acquired wealth without fear of detection. The failure to enact anti-money laundering legislation weakens our country’s capacity to combat financial crime, corruption and terrorism.
The Governing Council recently agreed to investigate the next steps for the EDDI service based on the guiding principles of efficiency, safety, harmonisation and neutrality. Avoid creating new fragmentation This instant payments network should then be used as a basis for pan-European end-user 2/3  BIS central bankers' speeches  solutions.