Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-06-12-Speech-2-280"
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"en.20010612.12.2-280"2
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"We hope that the Council’s work ahead of the introduction of the euro bears witness to its desire to effectively protect euro notes and coins against counterfeiting.
I would like to remind everyone that Council Regulation (EC) No 974/98 states that the euro must be put into circulation from 1 January 2002 and that the participating Member States are responsible for ensuring that suitable sanctions are in place for counterfeiting euro notes and coins.
On 29 May 2000, the Council adopted a framework Decision on using penal and other sanctions to increase protection against counterfeiting in connection with the introduction of the euro. In order to add to and strengthen this, particularly with regard to taking action against euro counterfeiting through close cooperation between the authorities of Member States, the European Central Bank, the national central banks, Europol and in the future also Eurojust, the French government tabled, on 22 December 2000, a draft Decision on the protection of the euro against counterfeiting. As the honourable Member knows, Parliament gave its opinion on the draft on 3 May 2001.
The draft, which is in the process of being approved, is linked to the draft Council Regulation on the protection of the euro against counterfeiting and the draft Council Regulation extending the effects of the latter regulation. Parliament also gave its opinion on all these regulations on 3 May 2001.
At the meeting of 29 May 2001, the Council agreed to divide the draft decision tabled last year into one draft for a Council decision and one draft for a framework decision. The European Parliament will be urged to give its opinion on both these drafts. At the same time, the Council agreed on conclusions regarding Europol’s role in protecting the euro, partly by providing Member States with the necessary aid to be able to carry out their work on preventing and combating euro counterfeiting.
On the subject of money laundering, the Council has, in previous answers to Parliament, clearly set out its view on the increased risk of money laundering on the introduction of the common currency and on the measures which the Council has adopted to reduce this risk. These measures, along with the increased vigilance of the national authorities and financial institutions, are crucial to reducing the risk of money laundering on the introduction of the euro."@en1
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