EU anti-money laundering legislative proposal –

20 Nov 2012

The Council of the European Union has published a summary record of the meeting of the European Parliament Special Committee on Organised Crime, Corruption and Money Laundering, which took place on 12 November 2012.

Among other things, Mr Bassi, European Commission (DG MARKT), discussed the development and adaptation of EU anti-money laundering standards in view of the 2012 Financial Action Task Force recommendations

Mr Bassi stated that a Commission legislative proposal should be ready in early 2013 with a view to be adopted by the co-legislators at the end of 2013.

A copy of the Council summary is available. http://register.consilium.europa.eu/pdf/en/12/st16/st16358.en12.pdf