• Facebook
  • LinkedIn
  • Twitter

maltawinds.comLogo

The Economy's Voice

Menu

Skip to content
  • Home
  • About
  • Local News
  • International News
  • Opinion
  • Demia on Sundays
  • Demeter
  • Business
  • Satire on Sunday
  • UK: Coroner calls for tougher air pollution limits after death of nine-year-old girl
  • Tax policy: EU solutions to prevent tax fraud and avoidance

EU adopts amended anti-money laundering, terrorist financing rules

Posted by Vento on 16th May 2018 in International News

The EU Council adopted Monday a directive strengthening EU rules to prevent money laundering and terrorist financing – part of an action plan launched after a spate of terrorist attacks in Europe in 2016.

The rules amend European Union directive 2015/849 which sets out to close down criminal finance without hindering the normal functioning of payment systems.

“These new rules respond to the need for increased security in Europe by further removing the means available to terrorists”, said Vladislav Goranov, Bulgaria’s minister for finance, for the EU presidency: “They will enable us to disrupt criminal networks without compromising fundamental rights and economic freedoms.”

The directive was adopted at a meeting of the General Affairs Council, without discussion. This follows an agreement with the European Parliament reached in December 2017. The Parliament approved the agreed text on 19 April 2018.

The main changes to directive 2015/849 involve:

  • broadening access to information on beneficial ownership, improving transparency in the ownership of companies and trusts;
  • addressing risks linked to prepaid cards and virtual currencies;
  • cooperation between financial intelligence units;
  • improved checks on transactions involving high-risk third countries.
Posted in International News | Tagged EU, European Parliament, finance, financing, money laundering, terrorist

About the Author

Avatar

Vento

Related Posts

Tax policy: EU solutions to prevent tax fraud and avoidance→

EU regulator prepares to issue advice on use of J&J vaccine→

Launch of the Malta Workshops→

European Parliament: Stop illegal live sports streaming, urge MEPs→

advertisement
  • Posts
  • Comments
  • Tag Cloud
  • UK: Coroner calls for tougher air pollution limits after death of nine-year-old girl

    21st April 2021 / Vento
  • Tax policy: EU solutions to prevent tax fraud and avoidance

    21st April 2021 / Vento
  • Moviment Graffitti and Qala Local Council file appeal against Qala development after strong public response to call for donations

    21st April 2021 / Vento
  • Assistance for victims of sexual violence

    21st April 2021 / Vento
  • Plans for new football Super League collapse as all 6 English clubs pull out

    21st April 2021 / Vento
  • Avatar
    Joseph Tabone on In his final days as POTUS, Trump…Trump will be voted out…
  • Avatar
    Joseph Tabone on Moviment Graffitti in strong opposition to outrageous…Why the objections? If the…
  • Avatar
    Joseph Gatt on The government is committed to supporting Malta’s…Both the Business Start (B…
  • Avatar
    Hindi Lyrics on Nurse death toll from COVID-19 hits the…I have been looking for…
  • Avatar
    Mehfooz Roy on US Presidential Elections: Biden leads polls in…You really think sleepy Joe…
aviation banking Bitcoin blockchain Boris Johnson BOV brexit business China climate change COVID-19 cryptocurrency Donald Trump ECB economy Education environment EU euro area Europe European Commission European Parliament European Union Eurostat eurozone France Germany Government Infrastructure Malta investment Italy lockdown Malta maritime pandemic politics recovery restrictions Russia technology travel UK United States vaccine WHO

News Calendar

May 2018
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Apr   Jun »
Footer logo
  • Facebook
  • LinkedIn
  • Twitter
 




 
 
 

Copyright © 2016 MaltaWinds.com

Menu

  • About
  • Home