The European Parliament
S&D Position 7


Cite as

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

My position, on behalf of the socialist and democratic people of Europe, is in favour of this Proposal. The European institutions are finally decided to tackle this issue by providing sufficient tools to fight money laundering and terrorist financing.

In my opinion, the most important issue regarding Financial Intelligence Agencies is the independence of the office itself from the national governments, specially in cases where political exposed persons are involved. This Directive needs to

Due dilligences on beneficial owners are highly positive to fight money laundering. But it is known that different kind of mechanisms, like shell companies or strawpersons, help hide the real property of assets. It only difficults the process of money laundering According to the Article 3 (6)(a)(i), a 25% of direct or indirect ownership is enough to consider that a natural person is a beneficial owner. I strongly believe that we can go further by decre...

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