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Today in @EP_Economics I voted in favour of proposed new EU laws to step up the fight against money laundering and terrorism financing in Europe, in particular by Russian oligarchs connected to the war in Ukraine.

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RT @IRLDeptFinance: Minister @mmcgrathtd has today announced Ireland’s intention to declare its interest in hosting the new EU Anti-Money Laundering Authority (“AMLA”).

Read more: gov.ie/en/press-release/60f2c-

🐦🔗: n.respublicae.eu/FitzgeraldFrn

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The new package of laws will close a plethora of loopholes which exist and benefit money launderers by making it harder to identify the real owners of high value items & land. This includes the ownership of high value assets and how these assets were purchased.

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🐦🔗: n.respublicae.eu/FitzgeraldFrn

The package of laws will also set up a new EU-wide Anti-Money Laundering Agency for the first time to oversee and coordinate the work of Member States in this area.

I support the governments intention to declare its interest in hosting the new EU ‘AMLA’ in Ireland 🇮🇪 🇪🇺

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🐦🔗: n.respublicae.eu/FitzgeraldFrn

The laws will also set up a new EU-wide Anti-Money Laundering Agency for the first time to oversee and coordinate the work of Member States.

This marks a game-changing moment in the battle against money laundering. I call on all Member States to implement it quickly.

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🐦🔗: n.respublicae.eu/FitzgeraldFrn

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