EU adopts tougher rules on money laundering

On Thursday 11 October, the Council adopted a new anti money laundering directive. This directive introduces new criminal law provisions which will disrupt and block access by criminals to financial resources, including those used for terrorist activities. The new rules include: establishing minimum rules on the definition of criminal offences and sanctions relating to money laundering. Money laundering … Continue reading EU adopts tougher rules on money laundering

Security Union: Commission welcomes agreement on stronger rules criminalising money laundering

The Commission welcomes the agreement reached by the European Parliament and the EU Member States on strengthened criminal law measures to counter money laundering. The new rules, proposed by the Commission in December 2016, will harmonise offences and sanctions for money laundering, ensuring that dangerous criminals and terrorists face equally severe penalties for their crimes across … Continue reading Security Union: Commission welcomes agreement on stronger rules criminalising money laundering