The European Parliament has successfully concluded the negotiations on a draft resolution on the fight against money laundering. The draft resolution has been supported by Christian Democrats, Social Democrats, Liberals, Greens and the Left and is based on a green proposal.
In a statement, the German MEP and European Financial and Economic Policy spokesperson Sven Giegold stated that hanks to the cross-party support for the adapted joint draft, a positive vote in plenary next week is certain.
“Particularly in times of considerable public expenditure on COVID-19 related recovery programmes, it is vital that money does not trickle away in criminal structures but benefits the common good,” continued to explain the MEP.
The following are the main elements of the draft resolution:
- Welcomes the plans of the EU Commission to present a proposal for a European anti-money laundering supervisor within the next 12 months.
- Supports a coordination and support mechanism for national FIUs;
- Calls on the EU Commission to consider the creation of an EU FIU;
- Call for a “grey list” of countries with potential money laundering risks in parallel with the grey list of non-cooperative jurisdictions in the tax field, in order to achieve transparency on the countries concerned even before the final “blacklist” is drawn up
- Call on the Commission to start infringement procedures for the incorrect implementation of EU money laundering legislation;
- Call for infringement procedures against the Member States concerning Golden Visas and Golden Passports;
- The inadequate data quality of national transparency registers should be subject to a Europe-wide review
- Common rules for the identification of beneficial owners when opening companies and financial accounts;
- Supports the call for a comprehensive European money laundering regulation, which would make elements of the existing Directive directly binding and thus standardise the patchwork of nationally differing implementation of European money laundering rules;
- Calls for the scope of application of the European money-laundering rules to be extended to cover players in disruptive markets such as crypto-assets
Giegold said that the draft resolution is a success for the European fight against money laundering and contains many of his long-standing demands.