EU MINISTERS AND MEPS STRIKE DEAL OVER EU ML CRIMINALISATION LAW
June 1st, 2018
AGREEMENT has been struck between the European Parliament and the European Union (EU) Council of Ministers on criminalising money laundering across the EU through a new EU directive. Ministers and MEPs will now hold formal votes and debates on a common legal text with a view to securing formal approval for the legislation this year.
A European Parliament note said that the two EU legislative bodies had agreed:
*EU-wide definitions of money laundering-related crimes, including practices that are not outlawed in all EU countries, such as ‘self-laundering’, ...
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