Money laundering: Council approves strengthened rules

Article

Money laundering: Council approves strengthened rules

The position of the Council follows the Proposal for a Directive of the European Parliament and of the Council adopted on 05/02/2013. Main observations on following point are set out:

  1. Retailers of high value goods and providers of gambling services
  2. PEPs
  3. Risk assessment
  4. Tax crimes
  5. Beneficial ownership
  6. Sanctions

Future developments:
Despite Member States independently designate the conducts constituting tax offenses, differences in national laws cannot hamper cooperation exchange of information between FIUs.

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