RBS's Davies Says Bank Working on Money Laundering Allegations

The transcript discusses the ongoing issues and improvements in financial controls related to money laundering. It highlights the significant investments made by banks to enhance compliance and the challenges posed by legacy issues. The conversation also touches on the need for better regulatory collaboration in Europe, suggesting the potential establishment of a centralized anti-money laundering regulator in the eurozone. The Financial Action Task Force's role and its unique position within the OECD are also mentioned.

What potential future developments are suggested regarding anti-money laundering regulation in the eurozone?

What is the significance of the Financial Action Task Force in relation to financial regulation?