moneylaundering.com, 08.02.2017
"More severe penalties may lie in wait for financial institutions deemed to have deficient compliance programs under an EU proposal to tackle money laundering, say sources.
The plan by the European Commission would lower the threshold at which businesses could be ...
In the context of the implementation of the EU's 4th anti-money laundering directive (AMLD), the European Commission in December presented an updated list of high-risk third countries. Banks and other operators have to apply higher scrutiny and transparency standards when dealing with those countries because of the risks they pose regarding money laundering and terrorist financing ...
Bloomberg about the EU Anti-Money Laundering Directive and the role of the member states
Bloomberg BNA
"[...] “Member states act as if the Panama Papers and Bahamas Leaks scandals had not happened,” Fabio de Masi, a German member of the European Parliament, told Bloomberg BNA Dec. 14. “Access restrictions to corporate registers are inefficient, costly to administer and run counter to the fundamental idea of transparency ...
