The European Commission has put forward a strategy designed to better combat money laundering and terrorist financing in the EU. The measures – a communication setting out the Commission’s broader anti-money laundering strategy and a legislative proposal – were announced in parallel with President Jean-Claude Juncker’s State of the Union address on September 12th 2018. One of the objectives of the proposals is to reinforce the role of the European Banking Authority (EBA) in anti-money laundering supervision of the EU financial sector.