The European Parliament
EPP Position 10
Cite as https://mymun.com/ppdb/6376
Proposal for a 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 terrorism financing
As a member of the EPP, I welcome a discussion regarding the prevention of the use of the financial system for the purpose of anti-money laundering and terrorism financing and I agree in principle with the proposal, but I would like to bring amendments.
The criminals in Europe used anonymity of accounts to obscure their financial dealings. The anti-money laundering proposal is a ‘preventive effort’ to combat terrorism via the financial system and includes a risk-based approach to replace the existing rule-based approach and th...