Brussels, 30/06/2004 (Agence Europe) - On Wednesday, the European Commission adopted a proposed modification to the 2001 directive on money laundering. Bankrolling terrorism and "serious infringements", such as corruption and fraud, have been added to the list of activities targeted by the text, which will authorise confiscations under civil proceedings, as opposed to criminal ones as formerly.
The directive obliges a number of professions which control financial flows to inform the...