EUROPEAN PARLIAMENT PANAMA PAPERS REPORT CRITICISES EU MEMBER STATES FOR FAILING TO TIGHTEN ML RULES
October 1st, 2017
EUROPEAN Union (EU) member states are hindering the fight against money laundering and tax evasion, the European Parliament’s committee of inquiry into money laundering, tax avoidance and tax evasion (PANA) concluded yesterday (October 18). These comments came as the committee adopted its report and recommendations after more than a year’s work following the Panama Papers leak of personal financial information revealing offshore business entities had been used for illegal purposes.
The report claimed there was a “lack of political will” to reform ...
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