In his State of the Union Address 2018, Commission President Jean-Claude Juncker put special emphasis on money laundering and financial crime. The Commission plans to increase the role of the European Banking Authority (EBA) to make it easier to tackle money laundering. The Economic and Financial Affairs Council (ECOFIN) welcomed this step and pledged its support on 2 October. This week, the Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) too debated in Strasbourg the relationship with Switzerland in matters of money laundering.