Press Release: Anti-Money Laundering: creating a modern EU framework capable of responding to new threats

Without effective rules to combat money laundering and terrorist financing, the soundness, integrity and stability of the financial system could be seriously compromised. The threats associated with money laundering and terrorist financing are constantly evolving, which requires periodic revision of the legal framework.

In light of the recent adoption of revised international standards and of the Commission's own review process, a report on the application of the Third Anti-Money Laundering Directive was adopted by the Commission.

ESO: Background Information: Memo: Frequently asked questions: EU fight against money-laundering and terrorist financing moves up a gear http://www.europeansources.info/record/memo-frequently-asked-questions-eu-fight-against-money-laundering-and-terrorist-financing-moves-up-a-gear-european-commission-takes-action-to-meet-the-revised-international-standards-adopted-by-the/

European Commission: Memo/12/246: European Commission report on the application of the Third Anti-Money Laundering Directive - Frequently asked questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/246&format=HTML&aged=0&language=EN&guiLanguage=en

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