MEPs back anti-money laundering rules
The European Parliament adopted yesterday on Tuesday an overhaul of EU anti-money laundering rules which includes the introduction of publicly accessible registers for companies and trust owners.
MEPs debated on tougher rules to tackle money laundering, requiring companies to provide more accurate information about real owners. The new plan hopes to ensure more transparency and a better overview of financial transactions, making it harder to set up fake companies and transfer dirty money from one account to another.
Negotiations with the Council and the European Commission are likely to start when Italy takes over the presidency of the Council in the second part of the year.