MEPS DEMAND EU TAX AUTHORITIES AUTOMATICALLY EXCHANGE ANTI-MONEY LAUNDERING INFORMATION
November 1st, 2016
EUROPEAN Union (EU) tax authorities should automatically exchange anti-money laundering (AML) information within three months of collection, the European Parliament’s economic and monetary affairs committee in Brussels has said. MEPs voted to amend EU directive 2011/16/EU on access to AML information in this way, so that this data is exchanged proactively, rather than tax authorities being offered passive access to databases. Another change backed by the EP was that AML knowledge gathered by tax authorities should systematically include information on ...
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