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France and Germany call for tougher anti-money laundering
04/27/2013 12:41 AM
Berlin, Brussels (Reuters) -
Germany and France demanded in a joint letter to the European Commission to tighten anti-money laundering rules. And came in a joint statement published that German Finance Minister Wolfgang Schaeuble and his French counterpart Pierre Moscovece, also are calling for greater coordination rules between the Member States of the European Union (27 countries). Both ministers stressed in the statement the need to facilitate the address of the States you do not want to cooperate in the fight against money laundering and tax evasion. According to the statement, "This includes the possibility of limiting the activities of European financial institutions with or in those countries."
On the other hand, the European Commission announced its intention to establish a lawsuit before the European Court against both Greece and Italy because of their failure to comply with the terms of the European Union on the mothers of poultry cages. According to the Commission, the executive arm of the European Union that the two countries have failed in the application of the criteria approved by the European Union in 1999 and states that have your cage rearing chickens at least 750 square centimeters. The last date available to the Member States to implement these standards is the beginning of 2012.
UNHCR noted that 13 countries of the European Union and the 27-nation failed in the application of the criteria in the specified times. Since the end of the time limit applied to 11 state standards. In addition to the considerations for the rights of birds, the European Commission believes that the lack of commitment by some European Union countries agreed standards lead to "distort competition in the market" as a result of incurring Companies adhering to the standards, additional expenses compared to non-compliant companies . European Court of Justice will consider the issue that may end up imposing a fine on Greece and Italy.
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04/27/2013 12:41 AM
Berlin, Brussels (Reuters) -
Germany and France demanded in a joint letter to the European Commission to tighten anti-money laundering rules. And came in a joint statement published that German Finance Minister Wolfgang Schaeuble and his French counterpart Pierre Moscovece, also are calling for greater coordination rules between the Member States of the European Union (27 countries). Both ministers stressed in the statement the need to facilitate the address of the States you do not want to cooperate in the fight against money laundering and tax evasion. According to the statement, "This includes the possibility of limiting the activities of European financial institutions with or in those countries."
On the other hand, the European Commission announced its intention to establish a lawsuit before the European Court against both Greece and Italy because of their failure to comply with the terms of the European Union on the mothers of poultry cages. According to the Commission, the executive arm of the European Union that the two countries have failed in the application of the criteria approved by the European Union in 1999 and states that have your cage rearing chickens at least 750 square centimeters. The last date available to the Member States to implement these standards is the beginning of 2012.
UNHCR noted that 13 countries of the European Union and the 27-nation failed in the application of the criteria in the specified times. Since the end of the time limit applied to 11 state standards. In addition to the considerations for the rights of birds, the European Commission believes that the lack of commitment by some European Union countries agreed standards lead to "distort competition in the market" as a result of incurring Companies adhering to the standards, additional expenses compared to non-compliant companies . European Court of Justice will consider the issue that may end up imposing a fine on Greece and Italy.
[You must be registered and logged in to see this link.]
