HARMONISATION AND DATA ISSUES HAMPER MONEY LAUNDERING EFFORTS, EXPERTS SAY
April 1st, 2017
REMAINING contrasts between the anti-money laundering and combating the financing of terrorism (AML/CFT) laws of European Union (EU) member states hinder the work of their financial intelligence units (FIUs), the European Parliament’s committee of inquiry into money laundering, tax avoidance and tax evasion (PANA) heard yesterday (April 27) in Brussels.
“The big problem is that money laundering and tax evasion are not seen as serious crimes in every member state, some treat tax evasion as an administrative offence,” a PANA official told the Money ...
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