The new EU directive on money laundering

16.04.2012 The new version of the EU directive on money laundering is already prepared by the European commission.

As it turned out, in this document there were almost all innovations which had been received in recently accepted international standards of the FATF organization.

In this Instruction the special attention is given to politicians, this act strengthens control over the bank sphere, enters additional elements of a risk management and due diligence procedure, and also raises the cooperation level of financial prospecting departments.

Allegedly new instruction will start to operate since autumn of 2012.

Expert’s opinion

«For anybody it’s not a secret that one of the most important event in tax sphere is money laundering. Businessmen use every way to provide legal history to their money. Therefore tax specialists, the international organizations, the European commission try to suppress all possible means to legalize dirty money.

We believe, everybody wants to sleep peacefully, for this reason many owners of business even more often involve not only the offshore centers, but also the European jurisdictions at foreign economic activity.»

On the basis: http://www.icsaglobal.com/

Lomakina Irina ( the director of Moscow office of Honest & Bright )