Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-07-06-Speech-4-118"
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"en.20060706.26.4-118"2
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".
In the past decade, there has been a huge rise in acts of terrorism around the world. The fight against this scourge has accordingly become one of the key political priorities in Europe and around the world.
This proposal forms part of a range of measures taken by the Union aimed at reducing access for terrorists to financial and other economic resources. Its purpose is to transpose into Community legislation the Financial Action Task Force’s Special Recommendation VII on wire transfers.
It is aimed at the authorities responsible for combating money laundering and terrorist financing, and establishes rules on the requirement to provide information on payers transferring funds.
This will be a useful, effective measure to prevent, detect, investigate and prosecute terrorists and other criminals, and to trace their assets.
I agree with the proposed derogations aimed at taking on board the specific nature of the payment systems in the different Member States.
I support Mr Brejc’s position that there must be a sunset clause, whereby this regulation will lapse after five years if it does not prove useful. I also support the compromise reached between Mr Brejc and the rapporteur."@en1
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