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Image header Agence Europe
Europe Daily Bulletin No. 8956
Contents Publication in full By article 17 / 46
GENERAL NEWS / (eu) ep/money laundering

Future directive to step up obligation to identify financial services clients to help fight bankrolling of terrorism

Brussels, 27/05/2005 (Agence Europe) - On 26 May, the European Parliament adopted a report by German Christian Democrat Hartmut Nassauer on the proposed third directive on the use of the financial system for the purposes of money laundering and the bankrolling of terrorism. The main amendments the Nassauer report brings to the proposed directive concern: the obligation on financial establishments and the professions covered by the directive to carry out more checks on the identity of their...

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