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 ...
Today, Thursday, in a joint meeting of the Committee for Economic and Monetary Affairs (ECON) and the Committee for Civil Liberties, Justice and Home Affairs (LIBE) the Commission's re-worked black list underpinning the anti-money-laundering directive was voted down on the initiative of GUE/NGL. If the result is confirmed in the Parliament's plenary in January, the Commission will have to produce a new list ...
