This article is brought to you in association with the European Parliament. The European Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing. The new laws ensure that people with a legitimate interest, including journalists, media professionals, civil society organisations, competent authorities, and supervisory bodies, will have immediate, […]New EU rules to combat money-laundering adopted
April 25, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. The European Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing. The new laws ensure that people with a legitimate interest, including journalists, media professionals, civil society organisations, competent authorities, and supervisory bodies, will have immediate, […]How trade-based money laundering works and its impact on world finances
June 15, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Deya Innab, Chief Strategy and Product Officer, Eastern Networks (EastNets) Trade-based money laundering and associated tax evasion is big business.Financial losses from these crimes in developing countries totalled $9 trillion between 2008 and 2017.Global trade complexities make tackling […]Fight against money laundering and terrorist financing: Commission assesses risks and calls for better implementation of the rules
July 25, 2019 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission is today adopting a Communication and four reports that will support European and national authorities in better addressing money laundering and terrorist financing risks. The Juncker Commission put strong EU rules in place with thefourth and the fifth Anti-Money laundering directives and reinforced […]MEPs strengthen EU financial watchdogs
April 17, 2019 by Leave a Comment
This article is brought to you in association with the European Commission. MEPs approved rules strengthening the EU financial supervision needed for safer financial markets, fighting money laundering, and protecting consumers. The new law, adopted on Tuesday by 521 in favour, 70 against, with 65 abstentions, already agreed with EU ministers and spearheaded through Parliament by […]Parliament criticises Council’s rejection of money laundering blacklist
March 15, 2019 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs expressed concern on Thursday that member states have scuppered the Commission’s plan to place new countries on the EU money-laundering blacklist. The resolution was adopted by a show of hands with an overwhelming majority. The adopted resolution comes one week after member states […]Banks can fight financial crime. But we can’t do it alone
December 8, 2018 by Leave a Comment
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Erik Barnett Head of Financial Crime Threat Mitigation, Europe, HSBC A young woman walks into a bank branch in London. She is soon noticed by a teller, who sees that she is closely followed by a man, who […]New EU rules to thwart money laundering and terrorist financing
September 13, 2018 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs approved new measures to combat terrorist financing, by preventing money laundering and tightening cash flow checks, on Wednesday. The two laws will make it harder for terrorists and criminals to finance their activities, by closing the loopholes in the current money laundering rules […]A neo-liberal toll free Paradise for the super rich and tax hell for wage earners
November 9, 2017 by 2 Comments
Despite the hullaballoo in main stream media about Queen Elizabeth’s investments in tax-havens and the implication of the US Trade Secretary Wilbur Ross in a Russia related offshore firm, the shocking revelation in the Paradise Papers is that London appears as the largest money washing machine of the world. The biggest single disclosure is that […]Parliament sets up plan to fight the 3,600 criminal rings of EU
September 21, 2013 by Leave a Comment
A special purpose Committee of the European Parliament adopted this week a package of measures to fight organised crime, corruption and money laundering, setting out an EU action plan for 2014-2019. Blocking organised crime’s financial assets and incomes are on top of the list. This special Committee on Organised Crime, Corruption and Money Laundering of […]What are the real targets of EU’s efforts to fight tax evasion?
April 24, 2013 by Leave a Comment
Algirdas Šemeta, the European Commissioner responsible for Taxation Audit and Anti-fraud announced yesterday in very low tones the creation of a new consultative committee in Brussels, under the name of “tax good governance platform”. This was a very disproportionate outcome, after the widely advertised Commission’s initiative to crack down on tax evasion in the European […]EU fight against tax-evasion and money laundering blocked by Britain
April 15, 2013 by Leave a Comment
The informal Ecofin and Eurogroup councils that took place in the Dublin Castle this weekend had only one victim; the bank depositors. Tax evaders got away, with Algirdas Šemeta the EU Commissioner responsible for Taxation and Anti-Fraud, running after them brandishing only his “appetite for progress and action”. In reality no real progress or action […]
