Sven Giegold

money laundering

Money laundering: European Commission must launch infringement against Germany

Today, I met with President Jean-Claude Juncker and personally handed over my request for launching infringement against Germany for not correctly transposing and implementing the provisions of the Fourth Anti-money Laundering Directive. Since nearly one year we have been pointing the Commission to the obvious shortcomings of the transposition measures of the 4th AMLD by Germany […]


Fiasco at the Financial Intelligence Unit: EU Commission must initiate infringement proceedings against Germany

Everything has gone wrong since Germany transferred responsibility for its Financial Intelligence Unit (FIU) from the Federal Criminal Police Office to the Customs Directorate-General in the summer of 2017. German media repeatedly reported on the disastrous functioning, which represents a security risk for Germany and the entire EU. However, as every EU Member State is […]


Supervisory hearing: ESMA and EIOPA are doing nothing to fight money laundering

During today’s hearing with the chairs of the European supervisory authorities (ESAs) EBA, EIOPA and ESMA I asked the chairs of EIOPA and ESMA about their engagement against money laundering. EIOPA and ESMA admitted that they have done little so far and only deploy staff of 0.5 full time equivalent each. The staff is only […]


SF in the Danish Parliament and Greens in the European Parliament: Danske Bank and the Danish Financial Supervisory Authority must explain itself in front of new European Parliament’s tax committee

The growing money laundering scandal in Danske Bank will be investigated by a special committee in the European Parliament. On Wednesday, the Parliament will appoint the members of the committee and according to Sven Giegold, the Green negotiator for the committee’s mandate, the scandal in Denmark’s largest lender will be at the top of the […]


Won and Lost: Details of the Compromise on the European Anti-Money Laundering Directive

Following the agreement of the European Parliament, the European Commission and the Council of Member States on the revision of the European Anti-Money Laundering Directive, please find below the details of the final compromise.   Time table for the transposition of the 5th Anti-Money Laundering Directive Publication in the Official Journal of the EU: expected […]


Compromise on the European Anti-Money Laundering Directive: Progress in the fight against money laundering and tax fraud

Today, the European Parliament, the European Commission and the Council of Member States have agreed on a new European Anti-Money Laundering Directive. The European Parliament has succeeded over the governments of the EU Member States to ensure that the general public in all EU countries have access to information about the beneficial owners of companies. […]