Yes!! After 1,5 years of negotiations, today parliament adopted our report on the 6th Anti-Money Laundering Directive. As LIBE's rapporteur, I am very happy with this strong parliament position which will deal a hard blow to money launderers.
+107
- 5
no abstentions
🐦🔗: https://n.respublicae.eu/paultang/status/1640715543014699009
So why did @europarl_en voted today on a new Anti-Money Laundering package and what’s in? Let me elaborate a bit.
🐦🔗: https://n.respublicae.eu/paultang/status/1640795590509359106
The inconvenient truth: we are losing the fight against anti-money laundering.
According to @UNDC up to 2 trillion US dollars is laundered globally every single year: https://www.unodc.org/unodc/en/money-laundering/overview.html
🐦🔗: https://n.respublicae.eu/paultang/status/1640795598600171520
After Putin’s invasion in Ukraine, the EU put Russian oligarchs on its sanctions list. However, many EU countries didn’t know what goods and real-estate they actually had to freeze. Once they knew, the goods were already transferred outside EU: https://www.forbes.com/sites/katharinabuchholz/2022/03/24/the-frozen-russian-superyachts-and-those-that-got-away-infographic/
🐦🔗: https://n.respublicae.eu/paultang/status/1640795606682673152
So, what did we propose to solve this?
1) Disclosure of the beneficial owner (BO) of high-value tangible goods, like real-estate, expensive cars, boats and planes and all tangible movable goods in ‘free zones’. And central interfaces granting authorities swift access to it.
🐦🔗: https://n.respublicae.eu/paultang/status/1640795609148866560
3) And we restored access to BO registers for journalists and NGOs. The ECJ ruled “public access” is not proportionate. So, we defined groups with “legitimate interest” and created a simple registration procedure (declaration of honour granting 2,5 years access throughout the EU)
🐦🔗: https://n.respublicae.eu/paultang/status/1640795613481652232
This is just a short non-exhaustive summary of all proposals co-rapporteur @ludeknie, our shadow rapporteurs and I agreed to.
In April the report will go through plenary, ahead of our first trilogue on the 11th of May.
We are ready the fight against money laundering!
🐦🔗: https://n.respublicae.eu/paultang/status/1640795616019206161
2) We had to ensure national authorities managing BO registers have adequate powers to verify the data in their register. And if needed can do on-site checks or issue sanctions.
🐦🔗: https://n.respublicae.eu/paultang/status/1640795611141140480