The Council of Europe’s anti-money laundering Committee (MONEYVAL) on 17 November 2014 published a report entitled ‘Strengthening Financial Integrity through Financial Inclusion‘. The Commissioner for Migration, Home Affairs and Citizenship mentioned in a speach of the same date the importance of the EU activities regarding AML/CFT:
Implementation of the Terrorist Financing Tracking Programme and other instruments such as the network of Financial Intelligence Units and anti-money laundering initiative are crucial for that reason.
Worrying is that the documents show that European institutions do not pay attention to the problems that companies have with the AML/CFT bureaucracy and with the fast changing regulations.
- The report ‘Strengthening Financial Integrity through Financial Inclusion’ (pdf)
- MONEYVAL in brief
- Article ‘MONEYVAL report encourages countries to develop financial inclusion policies’ on the site the Council of Europe
- Speech of the Commissioner for Migration, Home Affairs and Citizenship of 17 November 2014