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[FYI] Noch strengere Geldwaesche-Vorschriften der EU?
- To: debate@fitug.de
- Subject: [FYI] Noch strengere Geldwaesche-Vorschriften der EU?
- From: Horns@t-online.de (Axel H. Horns)
- Date: Tue, 8 Jun 1999 18:26:56 +0100
- Comment: This message comes from the debate mailing list.
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- Reply-to: horns@t-online.de
- Sender: owner-debate@fitug.de
`[Anonymitaet oder Pseudonymitaet im zahlungsverkehr ist derzeit
politisch eher 'megaout'. -AHH]
http://www.lawsociety.org.uk/db/rolling/rolling_news.asp
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European Commission proposes tightened money laundering trap
Details of new European obligations on solicitors to disclose the
activities of clients suspected of involvement in money laundering
were released last week. The European Commission is currently
consulting on its proposals, contained in a draft directive, to
update and extend the 1991 money laundering Directive (91/308/EEC)
and bring the legal profession within its ambit [see [1999] Gazette,
28 April, 9]. The proposals follow a report presented to the European
Parliament and recommend extending the obligation beyond the
financial sector to other professions because of evidence that the
tightening of controls in the financial sector had prompted money
launderers to seek alternative methods. It also calls for the
widening of the prohibition on money laundering, which was previously
limited to drugs trafficking. The new plans recommend that `legal
professionals' be made subject to the directive's provisions when
performing certain financial or corporate activities, and comply with
identification requirements when they are dealing with a sum
involving at least 1500 Euros. The professional activities to which
the directive applies in relation to lawyers includes the buying and
selling of real property, handling of client money, securities and
other assets, opening or managing bank, savings or securities
accounts, executing financial transactions, and the creation,
operation or management of companies, trusts or similar structures.
The draft legislation provides an exception from co-operating with
the investigating authorities when lawyers are `representing the
client in question in any legal proceedings or are acting solely in
an advisory capacity'. Jon Robins
Date Submitted: Tuesday, June
01, 1999 - 18:03
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