On 10 July 2020, the European Parliament adopted a resolution on a comprehensive pan-EU strategy for the prevention of money laundering and terrorist financing, following the publication of the European Commission’s Action Plan in May.
Paul Tang, S&D member of the civil liberties, justice and home affairs committee, said:
“The S&D Group has always been at the forefront in fighting money laundering and terrorist financing at the EU level. We cannot let criminals exploit the EU’s fragmented system to hide and spend the billions of euros they illegally gained. We need strong and uniform EU rules to claw back money from the hands of criminals and return it to Europeans who need it, now more than ever”
The EU Court of Justice has fined Ireland for delays and incomplete application of the EU’s rules against money laundering and terrorist financing.
The European Union’s top court ordered Ireland to pay to the European Commission a lump sum of €2 million, while Romania was fined €3m.
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