Money laundering: MEPs vote for public registers of companies and trusts

 DSC 0905Krišjānis Kariņš (EPP, LV) speaking at our December 2013 Meeting

A report on the EU's 4th Anti-Money Laundering Directive has been approved by a joint vote of the Economic Affairs and the Justice and Home Affairs committees in the European Parliament.

Both Rapporteurs, Judith Sargentini (Greens/EFA, NL) and Krišjānis Kariņš (EPP, LV) spoke at AME members during 2013 on the preperations of this report. Following the vote, they both connected the anti-money laundering legislation to the fight against tax evasion.

"The outcome of this vote is a big step forward in the fight against tax evasion and a clear call for more transparency. With this vote Parliament has shown, from left to right, that it is in favour of public beneficial ownership registers, and thus sends a strong signal to the Council for forthcoming negotiations on the file. By approving the establishment of beneficial ownership registers, the committees have shown that they are serious in their demand to finally break with the tradition of hidden company ownership", said Civil Liberties Committee rapporteur Judith Sargentini (Greens/EFA, NL).


"For years, criminals in Europe have used the anonymity of offshore companies and accounts to hide their financial dealings. Creating an EU-wide register of beneficial ownership will help to lift the veil of secrecy from offshore accounts and greatly aid the fight against money laundering and blatant tax evasion", said Economic and Monetary Affairs Committee rapporteur Krišjānis Kariņš (EPP, LV).

The committees’ amendments are to be put to a vote by the Plenary in March.

Further analysis is available for members of the AME platform

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