Sven Giegold

money laundering

Infringement proceedings: EU Commissioner Dombrovskis must no longer tolerate violations of European anti-money laundering rules

Today, Wednesday, the European Commission sent letters of formal notice to eight Member States that have not yet transposed the Fifth Anti-Money Laundering Directive into national law. The deadline for implementation was 10 January 2020 and in the absence of a satisfactory response from Cyprus, Hungary, the Netherlands, Portugal, Romania, Slovakia, Slovenia and Spain within […]


SAVE THE DATE: Money laundering and financial crime – Better addressing the threats to European security

Breakfast event – 19 February 2020 – 8:00am to 9:30am – European Parliament  The new European Commission, European Parliament and Council have put combating money laundering high on their agendas. While the Commission reports released in July give some indicative hints, it remains to be seen which reforms the Commission will finally propose. Therefore we […]


Money laundering: Pro-European political groups call for decisive action by European Commission

The pro-European groups in the European Parliament have agreed to put on the agenda of next week’s plenary session in Strasbourg a statement by the Council and the Commission on „the state of implementation of anti-money laundering legislation“. The European Parliament will then immediately adopt a resolution on the subject. The debate with the European […]


Poor money laundering prevention in Germany: EU Justice Commissioner Jourová must act

For one year now, we have been drawing the attention of the EU Commission to the obvious shortcomings of the transposition and implementation measures of the Third and Fourth Anti-Money Laundering Directives by Germany. In addition, the European Parliament, the media and even the police of the German federal states have hinted the EU Commission […]


EU Parliament supports blacklist on money laundering: governments must abandon their blockade

The European Parliament today adopted by a large majority a resolution calling for an urgent introduction of the blacklist of money laundering states. Under pressure from the EU Parliament and the Greens/EFA Group, the EU Commission presented on 13th February a tightened blacklist of 23 high-risk countries for money laundering and terrorism financing. This new […]


Money laundering blacklist must be approved and all country assessments published

On 13 February, the EU Commission presented a new blacklist of 23 high-risk countries for money laundering and terrorist financing. The Commission adopted the list in the form of a Delegated Regulation. The European Parliament and the Council of Member States are given one month for approval of the blacklist, with a possible one-month extension. […]