Committee
The Council of the EU
Country
Portugal

Author

Ilse Simone Wesselink
Netherlands

Cite as https://mymun.com/ppdb/6369

Republic of Portugal The council of the European Union Represented by Ilse Wesselink

Directive of the European Parliament and of the council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing.

The Republic of Portugal strongly believes in unified action against money laundering and terrorist financing. Combating illegal flows of financial resources will not only benefit the fight against terrorism, but will also provide opportunity for financial injection in the European Union economy.

By following TATF recommendations, the European Union shows their inclination to reach a global solution where unification is prominent, which the Republic of Portugal fully supports.

Money laundering and Terrorist Financing can damage the stability and reputation of the financial sector, and can threaten t...

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