Stephan Wilken, Head of Anti Financial Crime and Deutsche Bank’s Group Anti Money Laundering Officer, and Dr. Jens Fürhoff, Head of Money Laundering Prevention at the Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority), testified today at a hearing in the European Parliament’s Special Committee TAX3 (Financial Crime, Tax Evasion and Tax Avoidance) and debated with […]
Lobby transparency: European Parliament to have most important decision of this legislature
Dear Journalists, dear friends, On Thursday 31 January, the European Parliament will vote on a reform of its Rules of Procedure. This vote will be the most important decision on lobbying transparency in this legislature. So far, recommendations for voluntary lobby transparency by MEPs have mostly been ignored. Now, a binding legislative footprint is within […]
Press breakfast Tue 29.01. 9h30: Parliament to vote if lobbying gets transparent
Dear correspondents, For the first time, the European Parliament has the opportunity to vote on binding rules for lobby transparency instead of broadly ignored voluntary recommendations. However, after political and legal roadblocks have been cleared, the European Peoples’ Party (EPP) group tries every trick in the book to block binding transparency rules. The EPP decided […]
European system of financial supervision: EU ministers must not bury progressive reform
Today, the EU’s economic and finance ministers will decide during the Economic and Financial Affairs Council (ECOFIN) whether to separate the anti-money laundering part from the rest of the legislative package to revise the European system of financial supervision. If they take this decision, ministers will conclude the money laundering part of the interinstitutional dialogue […]
Cum-Ex-Resolution for reading
Dear Interested, Dear opponents of financial crime, In the meantime, the services of the European Parliament have published the resolution passed last Thursday including all the amendments. A very broad majority was in favour. The resolution contains on green initiative among other things the demand for a European investigation of dividend arbitrage deals such […]
Cum-Ex scandal: European Parliament resolution of 29 November 2018 on the cum-ex scandal: financial crime and loopholes in the current legal framework
European Parliament resolution of 29 November 2018 on the cum-ex scandal: financial crime and loopholes in the current legal framework (2018/2900(RSP)) The European Parliament, – having regard to the cum-ex revelations made by a consortium of investigative journalists led by the German non-profit media organisation CORRECTIV on 18 October 2018, – having regard to Regulation (EU) No […]