Press Release: Parliament toughens up anti-money laundering rules

According to draft anti-money laundering rules voted by the European Parliament on the 12 March 2014, the ultimate owners of companies and trusts would have to be listed in public registers in EU countries.

The draft law would also require banks, auditors, lawyers, real estate agents and casinos, among others, to be more vigilant about suspicious transactions made by their clients. The aim is to make dodgy deals harder to hide and fight tax evasion.

EurActiv, 12.03.14: Parliament backs public registers of companies’ owners http://www.euractiv.com/euro-finance/meps-back-public-registers-compa-news-534071

EUObserver, 11.03.14: MEPs vote to pierce secrecy of trusts in anti-money laundering bill http://euobserver.com/justice/123427

ESO: Background information: The revision of EU anti-money laundering tools http://www.europeansources.info/record/the-revision-of-eu-anti-money-laundering-tools/

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