The European Parliament
S&D Position 18
Cite as https://mymun.com/ppdb/6397
Position Paper for S&D Position 18 The European Parliament (BMEU 2016)
Position paper on the Proposal for a Directive on t he prevention of the use of the financial system for the purpose of money laundering and terrorist financing
Each year tax evasion caused by money laundering costs Europe billions of euros each year, that could have been spent on health care, public transportation and schools. Money laundering It distorts economies and is an obstacle to a stable EU market. The S&D Group welcomes the Proposal for a Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (hereinafter – Directive) and specifically welcomes that the particular effective instruments of Directive as FIUs are to be adopted. H...