The European Parliament has voted in favour of a common position on the revision of the EU Anti Money Laundering Directive (AMLD). This report was initiated by Judith Sargentini (Greens/EFA) and Krišjānis Kariņš (EPP) and includes the creation of public registers of who really owns companies, trusts and other legal structures. The report acknowledges that not only European citizens and governments are affected by the negative effects of money laundering, but also developing countries.
In the current system anonymous shell companies are used to funnel money that has been gained through illegal practices. This has been a problem in many developing countries, since these revenues could be used to finance education, health care, and other essential elements for sustainable development. Transparency is vital in ensuring that companies pay their fair share of taxes, so that developing countries are able to get their much needed tax revenues.
However, the Anti Money Laundering Directive has not been revised yet. It is now up to the European governments to reach a decision in the Council. Afterwards the Parliament and the European Commission have to reach a final agreement.
It seems that the Dutch government is not in favour of the revision of the Anti Money Laundering Directive. “The Netherlands pleads for secrecy instead of transparency,” say MEP Judith Sargentini (Greens) and Dutch Member of Parliament Jesse Klaver (GroenLinks). Fair Politics hopes that the Dutch government will support the revision of the Directive. Developing countries miss out on a lot of money because of tax evasion and money laundering. All the member states, including the Netherlands, can contribute to a solution to this problem by supporting the revision of the Anti Money Laundering Directive.
By Anne van der Meer