AML package in the ECON + LIBE committee of the European Parliament

On Tuesday 28 March the AML Package – a legislative package on anti-money laundering (AML) and countering terrorist financing (CFT) – is on the agenda of the Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) of the European Parliament.

This package, proposed in July 2021 by the European Commission, is interesting because the proposal contains anti-crime measures that may violate fundamental rights of European citizens and that will create expensive bureaucracy that is impractical and ineffective and will favour large corporations.

On 7 December 2022 the EU Council announced it has reached agreement on its position on the AML Package.

No democratic watchdogs are looking into the proposals
It is amazing that in the Dutch media there is no coverage of this legislative package that is so far-reaching and so poorly thought through. It shows that the so-called watchdog of democracy has no interest in topics of which there is no easy catchy story to be made.


More information:

On the ECON/LIBE meeting:

Some introductory articles on the AML package on this blog:

More information on the AML package:

Over Ellen Timmer

Weblog: ||| Microblog: ||| Motto: goede bedoelingen rechtvaardigen geen slechte regels
Dit bericht werd geplaatst in Bankrekening krijgen en behouden, English - posts in English on this blog, Europa, Financieel recht, onder meer Wft, Wtt, Fraude, witwasbestrijding, Wwft, Grondrechten, ICT, privacy, e-commerce, Sanctieregels, Ubo-register en getagged met , , , , . Maak dit favoriet permalink.

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