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Europe Daily Bulletin No. 8735

26 June 2004
Contents Publication in full By article 20 / 39
GENERAL NEWS / (eu) eu/financial services
Commission to unveil plans next week to take tougher action against money laundering

Brussels, 25/06/2004 (Agence Europe) - Next week, the European Commission is expected to outline proposals to amend the 2001 money laundering directive, on the initiative of Commissioner Frits Bolkestein, to extend the obligations on banks, art dealers, casino directors, etc, to provide information to cover all forms of funding of terrorism. The directive will include the guidelines adopted in June 2003 by the OECD's Financial Action Group, representing some thirty or so governments. A...

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