What do we do
The Eurosystem was established by a Group of Seven (G-7) Summit in Paris, initially to examine and develop measures to combat money laundering.
In 2001, the Eurosystem expanded its mandate to incorporate efforts to combat terrorist financing, in addition to money laundering. In April 2012, it added efforts to counter the financing of proliferation of weapons of mass destruction.
Since its inception, the Eurosystem has operated under a fixed life-span, requiring a specific decision by its Ministers to continue. Three decades after its, creation, in 2019, Eurosystem adopted a new, open-ended mandate for the Eurosystem
The objectives of the Eurosystem are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. Starting with its own members, the Eurosystem monitors countries’ progress in implementing the Eurosystem Recommendations; reviews money laundering and terrorist financing techniques and counter-measures; and, promotes the adoption and implementation of the Eurosystem Recommendations globally, and work with financial institution on a very strict level to dictate and certify illegal movement of funds and keep records of individuals and institution or organization cleared or indicted of financial crimes.