In the wake of recent banking scandals, several MEPs called for the fight against money laundering and terrorist financing to be reinforced, during a debate at the European Parliament on Wednesday 3 October on recent legislative proposals by the European Commission in this area (see EUROPE 12094).
However, opinions differ concerning the type of measures to be taken and the level at which to take them. “We must act”, as we are only as strong as our weakest link, said Luděk Niedermayer...