7 Amendments of Patrizia TOIA related to 2016/0414(COD)
Amendment 29 #
Proposal for a directive
Recital 6 a (new)
Recital 6 a (new)
(6 a) Illicit financial flows and all unrecorded private financial outflows involving capital that is illegally earned, transferred or utilised, typically originate from tax evasion. Avoidance activities are a source to finance terrorism activities.
Amendment 34 #
Proposal for a directive
Recital 10 a (new)
Recital 10 a (new)
(10 a) It is important to call urgently for information with regard to the beneficial ownership of companies, trusts and other mechanisms, to be made publicly available in open-data formats in order to prevent anonymous shell companies and comparable legal entities from being used to launder money to finance terrorist activities.
Amendment 35 #
Proposal for a directive
Recital 11 a (new)
Recital 11 a (new)
(11 a) Remittances have become a major source of external development finance, providing a convenient angle from which to approach the complex migration agenda.Remitters use informal channels because these channels are cheaper, better suited to transferring funds to remote areas where formal channels do not operate, and offer the advantage of the native language and, on rare occasions, anonymity.Informal channels, however, could be subject to abuse.Strengthening the formal remittance infrastructure by offering the advantages of low costs, expanded reach, and native language could shift flows from the informal sector to the formal one.Both sender and recipient countries could support migrants’ access to banking services by providing migrants with identification tools.
Amendment 36 #
Proposal for a directive
Recital 11 b (new)
Recital 11 b (new)
(11 b) A decrease in remittances to developing countries may adversely affect the human rights of people living in those countries.It is crucial that the Union enforce counterterrorism policies so that remittances go to the right channels, thereby contributing to the prevention of terrorist incidents.
Amendment 39 #
Proposal for a directive
Article 3 – paragraph 1 – point c a (new)
Article 3 – paragraph 1 – point c a (new)
(c a) participation in, association to commit, attempts to commit and aiding, abetting, facilitating and counselling the commission of any of the actions referred to in points (a), (b) and (c).
Amendment 47 #
Proposal for a directive
Article 9 – paragraph 1 a (new)
Article 9 – paragraph 1 a (new)
1 a. Member States shall improve cross-border cooperation and exchange of information in order to prevent regulatory arbitrage.
Amendment 49 #
Proposal for a directive
Article 9 a (new)
Article 9 a (new)
Article 9 a Return of illegal funds and assets to the country of origin Member States shall take all the necessary measures to return the funds and the assets which result from, or are the subject of, illegal activity to the third country of origin. Those funds and assets shall be returned to developing countries of origin provided that they are used to: · improve the living conditions of the population of those countries, in particular the most vulnerable people on their territory, · strengthen the rule of law in those countries with the aim of contributing to the fight against money laundering, the financing of terrorism and other criminal acts.