The European Parliament
S&D Position 2


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Policy paper on the Proposal for a Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing

The S&D Group is in favour of the Directive, although further steps are crucial to ensure its realization. Laundered money is not only a grave fraud we must combat, but empedes the Member States and the EU from properly collecting taxes, which could be redistributed to the greater good. The scope of this Directive is unprecended, the Group has always fought for more transparency, and responsabilizing compagnies and trusts ; in this regard the S&D are eager to witness the directive’s implementation.

I am in favour of the oppeness of the registers, although data protection ensured by the Charter should not be compromised. Sufficient s...

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