Author (Corporate) | Council of the European Union, European Parliament |
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Series Title | Official Journal of the European Union |
Series Details | L 284 |
Publication Date | 12/11/2018 |
Content Type | Legislation |
Summary: On 21 December 2016 the European Commission presented a proposal for a Regulation taking into account new best practices in the implementation of international standards on tackling money laundering and terrorism financing within the European Union. The European Parliament and the Council of the European Union reached an informal agreement on this proposal on 23 May 2018. The Regulation was adopted on 23 October. Further information: The proposed Regulation aims to complement the EU's legal framework for the prevention and terrorist financing laid down in Directive 2015/849. It addresses areas in which an evaluation of Regulation (EC) No 1889/2005 (the Cash Control Regulation) identified room for improvement and implements a number of action points set out in the Commission’s Action Plan for strengthening the fight against terrorist financing. This proposal was released as part of a package of measures to strengthen the EU's capacity to fight the financing of terrorism and organised crime. |
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Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.284.01.0006.01.ENG |
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Subject Categories | Justice and Home Affairs, Security and Defence |
Subject Tags | Security Union |
Keywords | Money Laundering, Terrorist Financing |
International Organisations | European Union [EU] |