• Today's endorsement in Council marks another step closer to stronger rules to combat money laundering and terrorist financing.
  • In light of the recent events in Paris, and the development of a European Agenda for Security, it is crucial that these rules become law as soon as possible.
  • The EU is leading by example by putting in place a robust framework, which focuses on greater effectiveness and improved transparency with no legal loopholes for criminals and terrorists to slip through and abuse the financial system. We now have the tools at hand to better detect and trace billions of euros which come from criminal proceeds or financial flows which support terrorist groups and activities.
  • Enhancing beneficial ownership transparency has also been at the heart of the international agenda and I particularly welcome the ambitious approach adopted by both the Parliament and Member States.