Journal of
Italian
Banking
Association
year 100
Italian
Banking
Association
year 100
The European Commission Action Plan on Money Laundering
Giovanni CastaldiJuly 2020 - n. 7-8
Keywords: Antiriciclaggio, Commissione europea, Piano d’azione
Jel codes: G21, G28, G32
The European Parliament and the Council invited the Commission to investigate what steps could be taken to achieve a more harmonised set of rules, better supervision, including at Eu level, as well as improved coordination among Financial Intelligence Units. In reply to this call for action, the European Commission has published an Action Plan which sets out concrete measures that the Commission will take over the next 12 months to better enforce, supervise and coordinate the Eu’s rules on combating money laundering and terrorist financing. The aim of this new, comprehensive approach is to shut down any remaining loopholes and remove any weak links in the Eu’s rules. In addition, the Commission has has invited all intestered parties to submit comments on the matter. This is an opportunity not to be missed to remove the numerous malfunctions that emerged in the application of current legislation.
Interested in this paper?
Buy the issue