Com Econ News Today

The European Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing.

MEPs approved a revamp of EU fiscal rules making them clearer, more investment friendly, better tailored to each country’s situation, and more flexible.

Frankfurt has been chosen by Parliament and Council as the seat of AMLA, the EU’s new enforcer in the fight against money laundering and terrorism financing.

EU co-legislators on Saturday provisionally agreed a revamp of EU economic governance making it clearer, investment friendly, more tailored to each country’s situation, and more flexible.

On Wednesday, MEPs adopted new rules to ensure transferred funds arrive immediately into the bank accounts of retail customers and businesses across the EU.

Ministers are holding a series of meetings in parliamentary committees to present the priorities of the Belgian Presidency of the Council.

On 30 January, the nine applicants to host the EU’s future watchdog on fighting money-laundering and terrorist financing will present their candidacies in a public hearing.

On Wednesday, MEPs decided to open talks with Council on new economic governance rules, prioritising investment and national ownership and improving the system’s credibility.

EP and Council teams have found an agreement on a European Anti-Money Laundering Authority (AMLA) to ensure effective enforcement of the EU’s rules on fighting money laundering.

The Economics Committee adopted its position on new economic governance rules, prioritising investment and national ownership and improving the system’s credibility.