SECOND EU DIRECTIVE MONEY LAUNDERING
August 1st, 2004
BY ALAN OSBORNTHE LEGAL web being cast by the European Union (EU) in the fight against money laundering is being tightened still further. A third directive has now been proposed by the European Commission that, among other things, will broaden the definition of money laundering to include not only the concealment or disguise of the proceeds of serious crimes but also the financing of terrorism with either criminal or legally acquired money. The new measure, which requires approval by the EU Council of Ministers and the European Parliament, will extend anti-money ...
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