The European Parliament’s co-rapporteurs on the proposal for a directive on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing, Luděk Niedermayer (EPP, Czech Republic) and Paul Tang (S&D, the Netherlands), have further raised the ambitions of the European Commission’s original proposal.
The report, published on Monday 23 May, which came out of the joint committee between the Committee on Economic and Monetary Affairs and the...