There is a majority of member states in favour of the short-term measures tabled by the European Commission in September to step up the fight against money laundering at European level, with several banking scandals highlighting the shortcomings of a system based mainly on the national level (see EUROPE 12094).
“There is a broad common view that there is a need for ongoing reforms”, the Austrian finance minister, Hartwig Löger, observed after the debate.
The legislative proposal on the...