BRUSSELS TO MAKE TAX FRAUD A PREDICATE MONEY LAUNDERING OFFENCE
January 1st, 2013THE EUROPEAN Commission is planning to make tax fraud a predicate offence for money laundering across the European Union (EU). The proposal, made within a draft of a planned fourth EU money laundering directive, means that accountants would have to report the movement of money generated by such frauds. The move “would facilitate the cooperation between tax authorities and judicial and financial supervisory authorities in order to tackle serious infringements of tax laws,” said EU taxation Commissioner Algirdas Šemeta.
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