EU Commission Adopts Proposal to Strengthen Transparency and Announces Related Plans
On 5 July 2016, the European Commission adopted proposed transparency rules concerning terrorism financing, tax avoidance and money laundering. The proposed changes regarding tax avoidance and money laundering would involve amendments to the Fourth Anti-Money Laundering Directive (Directive (EU) 2015/849/EU) and the Administrative Directive (Directive 2011/16/EU). These include:
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