The European Parliament’s special committee on organised crime, corruption and money laundering, has published a draft Interim Report on organised crime, corruption, and money laundering. This sets out a motion for a European Parliament resolution on recommendations on actions and initiatives to take in relation to corruption, money laundering and organised crime: such as:
- When drawing up its final report the Commission should cover all forms of corruption in both the private and public sector;
- the Commission should provide a common definition of the offence of “self-laundering”;
- Member States should devise EU-level indicators that should be as uniform and consistent as possible to measure the crime and corruption occurring in the EU;
- European legislation should provide for the immediate enforceability of convictions and confiscation orders in member states other than those in which they were issued;
- European-wide frameworks should be devised to combat cyber crime; and
- Greater cooperation between the banking sector and financial professions to determine which IT tools might be used to increase traceability of financial flows.
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