European Parliament vote backfires on EU Commission’s money laundering blacklist


Members of Parliament vote in the European Parliament in Strasbourg, France, 14 September 2016.

MEPs challenged the European Commission’s criteria for anti-money laundering and terrorism financing “black list”.

MEPs challengde the European Commission’s black-list algorithm for defining countries that are high-risk for money laundering, as too strict. A vote in the European Parliament in Strasbourg showed that the list is “too limited” and should include territories that facilitate tax crimes.

Greens/EFA MEP Judith Sargentini has prepared a resolution against the current proposal of the European Commission. "The strength of the vote reflects the strength of feeling in Parliament about the inadequacy ...

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