EU Aims To Toughen Rules Targeting Money Laundering

Law360, Los Angeles (March 11, 2014, 2:47 PM EDT) -- The European Parliament could toughen up its rules against money laundering, requiring the ultimate owners of companies and trusts to be listed in public registers in European Union countries under new draft rules targeting money laundering passed Tuesday by the governing body.

The EU parliament announced Tuesday that first readings of legislative resolutions consolidating amendments to the anti-money laundering and fund transfer rules had passed handily, so that the new European Parliament, which will be elected in May, can resume work on the legislation.

Under the...
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