European Parliament Acts on Money Laundering, Terrorism Financing, and Combating Fraud

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Saturday, October 31, 2020
Author: 
Michael Plachta
Volume: 
36
Issue: 
11
Abstract: 

In a resolution adopted on July 10, 2020, with 534 votes to 25 and 122 abstentions, Members of the European Parliament welcomed the European Commission’s Action Plan on how to fight effectively against money laundering and terrorist financing (AML-TF resolution) and highlighted the most pressing changes needed to achieve an efficient EU framework.