We need increased transparency to be more efficient against money laundering and terrorist financing
Tuesday 28th February 2017
S&D Press release
S&D Euro MPs in the civil liberties and in the economic and monetary affairs committees today jointly backed a revision of an EU law in order to step up the fight against money laundering in criminal activities and terrorist financing. S&D MEPS successfully pushed for very ambitious rules. These include greater transparency on beneficial ownership of corporates or trusts, legal protection for whistle-blowers and they paved the way for a European financial intelligence unit. The revision was launched in the wake of the terrorist attacks in Paris and the revelations in the ‘Panama Papers’.