Committee
The European Parliament
Country
S&D Position 16

Author

Ivan Bolsun
Ukraine

Cite as https://mymun.com/ppdb/6396

Position paper 1. 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

Representatives of the Group of the Progressive Alliance of Socialists and Democrats believe that members of the European Parliament should support the directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing with some amendments. Ideas of this directive which are mainly consist in establishment of certain financial rules about about traceability of payments with public register and beneficial owners and creation of legal bodies called Financial Intelligence Units FIUs will for sure provide for secure financial stability and security in all EU members states. Moreover contemporary European Union urgently needs such kind of financial restrictions and legis...

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