EU Commission to strengthen the fight against money laundering and terrorist financing
The European Commission has presented a concept to strengthen the EU’s fight against money laundering and terrorist financing. This new action plan is based on six pillars, each of which aims to improve the EU’s ability to fight money laundering and terrorist financing as well as to play worldwide a stronger role in this area. Together, these six pillars shall ensure that EU rules are more harmonised on level of EU member states and therefore more effective. Furthermore, the rules shall improve the monitoring and the coordination between Member States’ authorities. The draft action plan has been put up for public consultation. Public authorities, stakeholders and citizens have until 29 July 2020 to submit their contributions.
More information: https://ec.europa.eu/