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In July 2021, the European Commission tabled a proposal to establish a new EU authority to counter money laundering and the financing of terrorism (AMLA). This was part of a legislative package aimed at implementing the 2020 action plan for a comprehensive Union policy on preventing money laundering and the financing of terrorism. The AMLA would be the centre of an integrated system, composed of the authority itself and national authorities with an AML/CFT supervisory mandate. It would also support ...

The Member States have drawn up their individual national recovery and resilience plans (NRRPs, or 'recovery plans') to benefit from the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF), and to emerge stronger from the COVID 19 crisis. To receive RRF funding, Member States must address at least a significant subset of the country-specific recommendations (CSRs) and foster the green and digital transitions, by achieving the milestones ...

The EU blacklist of high-risk jurisdictions for money laundering is being criticised for a lack of autonomy from the FATF lists, politicisation and lobbying, and lack of transparency. The paper shows four ways to change this. More autonomy from the FATF can be reached through grey listing or merging the EU money laundering list with the EU tax list. More transparency can be reached by involving NGOs or academics to do the listing. But all these lists only look at the framework of anti-money laundering ...

Les crypto-actifs échappent à la réglementation en vigueur: il faut légiférer pour faire face aux risques qu’ils représentent. Dans le cadre du train de mesures législatives visant à renforcer les règles de l’UE en matière de lutte contre le blanchiment de capitaux et le financement du terrorisme, la Commission a proposé une révision du règlement sur les informations accompagnant les transferts de fonds pour couvrir les crypto-actifs. La plénière d’avril verra le Parlement voter sur le texte issu ...

The highlight of the November II 2022 plenary session was the ceremony marking the 70th anniversary of the European Parliament, with the participation of the Prime Ministers of France, Belgium and Luxembourg. Russia's war against Ukraine again featured high on the agenda, not least with the adoption of a resolution recognising the Russian Federation as a state sponsor of terrorism, and a joint debate with a vote on regulations governing EU financial assistance to Ukraine. Political debates were held ...

En avril 2022, le président ukrainien Volodymyr Zelensky a initialement demandé au Congrès des États-Unis et à la Maison-Blanche d’ajouter la Russie à la liste des États soutenant le terrorisme dressée par le département d’État. Depuis lors, il a élargi cette demande aux gouvernements du monde entier. La Chambre des représentants et le Sénat des États-Unis ont adopté des résolutions invitant le secrétaire d’État Antony Blinken à ajouter la Russie à cette liste, ce qu’il a refusé de faire jusqu’à ...

This study evaluates selected aspects of the Commission's AML/CFT reform package presented on 20 July 2021, focusing on two main topics. First, it analyses the AML Authority direct supervisory powers and their effectiveness. Second, it illustrates how the reform package intends to foster coordination and information sharing among the FIUs. Recommendations are provided in order to remedy the gaps and weaknesses identified. This document was provided by the Policy Department for Economic, Scientific ...

The IA covers four Commission proposals on anti-money laundering and countering financing of terrorism. This legislative package includes major changes designed to strengthen and tackle shortcomings in the current regulatory framework, such as the creation of a new AML authority. This briefing analyses the strengths and weaknesses of the impact assessment accompanying the proposed revisions. The Commission consulted a wide range of stakeholders to support the initiative. The IA clearly defines the ...

Initial coin offerings (ICOs) are a relatively new method of raising capital for early-stage ventures. They allow businesses to raise capital for their projects, by issuing digital tokens in exchange for crypto assets or fiat currencies. They constitute an alternative to more traditional sources of start-up funding such as venture capital (VC) and angel finance. ICOs can potentially offer advantages in comparison with traditional ways of raising capital. At the same time, their opacity and the general ...

On 1 May 2021, the Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK) entered into force, having been provisionally applied since 1 January 2021. One of the areas covered by the TCA, in its Part Three, is security cooperation between EU and UK law enforcement and judicial authorities in criminal matters. The 13 titles under Part Three contain extensive provisions aimed at enabling the continuation of information exchange, including personal data, between ...