Förderverein Informationstechnik und Gesellschaft

EU to tackle money laundering

11 October 1999

EU to tackle money laundering

The EU needs to create a forum to combat money laundering and other organized crime, says the new commissioner for justice and home affairs.

Antonio Vitorino wants to encourage an arena to bring together financial authorities and the police to discuss policies and to share information. “The dimensions of financial crime and the sophistication of the networks that are operating can put democracy in danger,” he said. Vitorino will raise the issue of hi-tech money laundering at a meeting in Russia of the Group of Eight countries on October 19.