Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-04-04-Speech-2-242"

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"en.20060404.23.2-242"2
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". Commissioner, that all sounds very good, but my eye was caught by something in the Law Society of England and Wales’s new money laundering newsletter. It referred to an extensive industry that has developed around services aiming to help lawyers with their compliance duties. It struck me that, as the third money laundering directive brought in the notion of proportionate checks of risk sensitivity, we need to make sure that the compliance falls where the really serious risks are. Often constituents come to me because as individuals they have difficulties opening bank accounts. I hope that you will convey that message. It truly has to be risk-sensitive compliance."@en1
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