On Wednesday, MEPs will discuss the Commission’s Action Plan on how to fight effectively against money laundering and terrorist financing and vote on a resolution on Friday.
In a debate with Commission Executive Vice-President Dombrovskis and the Council representative on Wednesday evening, MEPs are likely to address persisting shortcomings when it comes to identifying high-risk countries and letterbox or shell companies in the EU.
Parliament has repeatedly insisted on putting in place a strong preventive policy by blacklisting high-risk jurisdictions and by addressing the deficiencies of beneficial ownership registers. This would allow ownership chains to be traced and eventually lead to taxation or anti-terrorist rules being enforced.
MEPs are also likely to comment on patchy implementation of EU anti-money laundering policies across the EU, which could be addressed by harmonising national rules through regulations and beefing up both EU-level supervision and information-sharing between member states.
The Parliament’s stance will be summarised in a resolution to be put to the vote on Friday afternoon.