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Image header Agence Europe
Europe Daily Bulletin No. 12766
Contents Publication in full By article 5 / 28
ECONOMY - FINANCE - BUSINESS / Money laundering

European anti-money laundering framework gets a makeover

In addition to the creation of a new EU agency dedicated to the fight against money laundering (see other news), the European Commission presented, on Tuesday 20 July, a brand new body of EU legislation to better fight money laundering.

As committed to in its May 2020 Action Plan (see EUROPE B12482A8), the European Commission is proposing a regulation to harmonise the application of the rules across the EU(see EUROPE B12757A14).

The package also consists of a proposal for a Sixth Anti-Money...

Contents

Belgian National Day: please note that 21 July is a legal public holiday in Belgium and our offices will be closed. EUROPE 12767 will be dated Friday 23 July
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
RULE OF LAW: situation in Hungary and Poland continues to worry European Commission
POLAND: European Commission threatens Warsaw with financial penalties if it does not comply with Court of Justice’s judgment on disciplinary regime for judges
ECONOMY - FINANCE - BUSINESS
MONEY LAUNDERING: European Commission proposes creation of a new EU ‘anti-money laundering’ agency in 2023
MONEY LAUNDERING: European anti-money laundering framework gets a makeover
MONEY LAUNDERING: European Commission proposes to establish ‘grey’ list of third countries at risk of money laundering
EXTERNAL ACTION
UNITED KINGDOM: European Commission wants to start negotiating agreement between London and Gibraltar
CYPRUS: EU denounces Ankara’s decision to change status of town of Varosha as “unilateral and unacceptable”
SERBIA/KOSOVO: very limited progress during second political dialogue between Mr Vučić and Mr Kurti
WTO: EU requests WTO consultations on discriminatory Russian measures
SECTORAL POLICIES
CLIMATE: first discussion of Member States’ Environment Ministers on ‘Fit for 55’ package
CLIMATE: Ursula von der Leyen defends proposal for a new ETS for road transport and buildings
FISHERIES: Oceana urges UK and EU to end overfishing of jointly managed fish stocks
INTERNAL MARKET: circular economy on next informal EU Council meeting agenda
CIRCULAR ECONOMY: competition makes extended producer responsibility schemes more efficient, says study
INSTITUTIONAL
FUTURE OF EU: Conference on the Future of Europe, both local and regional authorities and social partners to have stronger presence
BUDGET: EPP group in European Parliament laments postponement of presentation of proposals on EU own resources
EU RESPONSE TO COVID-19
HEALTH: European Medicines Agency embarks on rolling review of Sanofi Pasteur’s Covid-19 vaccine
NEWS BRIEFS
AGRICULTURE: impact of flood disaster on EU agriculture is yet to be determined
EMPLOYMENT: Covid-19 pandemic has exacerbated labour shortages in certain sectors
ENERGY: new set of proposals from European Commission expected in December
COMPANIES: banking industry and SME representatives want to improve monitoring of SMEs’ post-Covid-19 financial health 
JUSTICE: copyrights, European Commission is examining principle of reciprocity in remuneration of artists and producers
JUSTICE: European Commission consults on implementation of EU Victims' Rights Directive
DIGITAL: number of fines imposed for breaches of General Data Protection Regulation up by 113%
EUROPEAN PARLIAMENT: ECR Group denies rumours concerning possible departure of PiS MEPs
EUROPEAN PARTIES: Pascal Schonard appointed Director of Authority for European Political Parties and European Political Foundations
ANIMAL HEALTH: recent outbreak of African swine fever in domestic pigs in Germany