Money laundering in Europe about to get a punch in the face

MEP’s new measures set to disrupt flow of illegal currencyInterconnected registers of beneficial owners, a preventive blacklisting policy and effective sanctions are among tools proposed by Member of European Parliament (MEPs) to stop money laundering.In a resolution adopted on Friday with 534 votes to 25 and 122 abstentions, MEPs welcomed the Commission’s Action Plan on how to fight effectively against money laundering and terrorist financing and highlighted the most pressing changes needed to achieve an efficient EU framework.Better implementation and cooperationMEPs deplore the incorrect an…

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