Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-04-05-Speech-4-082"
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"en.20010405.6.4-082"2
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".
Unfortunately, the Council of Ministers has presented us with a text which will lead to a further delay in amending the Directive of 1991. We had hoped that this new version would be pushed through in first reading. It now seems likely we will have to go through a mediation process, because we simply cannot accept the academic and impractical position adopted by the Finance Ministers, which Ministers for Justice and Home Affairs do not agree with either.
It is impossible to impose the transfer of existing money laundering rules for financial service providers lock, stock and barrel to all other professional groups such as lawyers and tax consultants and then insinuate that we simply wanted to protect the guild of lawyers. This is just not the case. It makes no sense that lawyers cannot settle an insurance claim or that brokers cannot draw up a plan until they have established their credentials.
It makes just as little sense to demand that cash only be handed over from person to person. Such a demand would mean that bank night safe-deposit boxes would have to be set up immediately. This would cause problems, however, for business people, especially from small and medium-sized businesses, who, for obvious reasons of security, deposit their day’s takings in the safe-deposit box of their bank after the banks have closed. That, however, has absolutely nothing to do with the laundering of money from criminal activity.
I fully endorse the reasonable position adopted by the rapporteur, which the Finance Ministers could also live with. They at least should know that any further delay in amending the money-laundering Directive is irresponsible, especially since the money-laundering mafia is becoming increasingly adept.
As a Member of the European Parliament who comes from Luxembourg, the effectiveness of the fight against the laundering of money from criminal activity lies very close to my heart, as the Grand Duchy has some of the strictest laws on money laundering. These laws and their application as well as the cooperation resulting from the 1991 Directive must not be undermined by a too broadly interpreted definition of ‘criminal activity’, which is what is called for under the common position adopted by the Council. For reasons of efficiency, the directive should essentially be limited to combating the laundering of money from organised crime, which was its original objective."@en1
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