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Europe Daily Bulletin No. 8740

3 July 2004
Contents Publication in full By article 30 / 55
GENERAL NEWS / (eu) eu/financial services
Lawyers say the Money laundering and funding of terrorism directive is premature and banks say it is unrealistic

Brussels, 02/07/2004 (Agence Europe) - The third directive on combatting money laundering and the funding of terrorism has been given a mixed reception, to say the least, by those who will have to apply it, particularly banks and lawyers. EU legislation already covers banks, lawyers, art dealers and a series of other professions dealing with large sums of money, who have to report suspect transactions to the authorities. On Wednesday, the Commission adopted draft regulation explicitly...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION