2019/2820(RSP) Resolution on the state of implementation of the Union’s anti-money laundering legislation
Progress: Procedure completed
Legal Basis:
RoP 132-p2Events
2019/12/12
EC - Commission response to text adopted in plenary
Documents
2019/09/19
EP - Results of vote in Parliament
Documents
2019/09/19
EP - Decision by Parliament
Details
The European Parliament adopted by 530 votes to 14, with 104 abstentions, a resolution on the state of implementation of the Union’s anti-money laundering legislation.
The resolution was tabled by the EPP, S&D, Renew and Greens/EFA groups.
According to Europol, as much as 0.7-1.28 % of the Union’s annual GDP is ‘detected as being involved in suspect financial activity’ such as money laundering connected to corruption, arms trafficking, human trafficking, drug dealing, tax evasion and fraud, terrorist financing or other illicit activities which affect EU citizens in their daily lives.
The Union’s framework for anti-money laundering and countering terrorist financing (AML/CTF) has been progressively strengthened by the adoption of 4AMLD in May 2015 and 5AMLD in April 2018 and their respective dates of transposition into the Member States’ national legislation by June 2017 and January 2020, and by other accompanying legislation and actions.
On 24 July 2019, the Commission adopted an AML package, informing Parliament and the Council about achievements to date and remaining shortcomings in the Union’s AML/CTF framework, and thereby set the scene for further improvements in the enforcement and implementation of the existing legislation and for possible future legislative and institutional reforms.
Parliament is seriously concerned about the lack of implementation of 4AMLD by a large number of Member States and welcomed, in this respect, the Commission’s initiation of infringement procedures against Member States based on the findings of its completeness checks.
It called on the Commission to complete thorough correctness checks as soon as possible and to open infringement procedures where necessary. Those Member States that have not yet done so are urged to properly transpose 4AMLD into their national legislation as soon as possible.
The resolution stressed that the current EU AML/CTF framework suffers from shortcomings in the enforcement of EU rules combined with a lack of efficient supervision. It highlighted that it has been repeatedly stressed that ‘minimum standards’ legislation on AML/CTF could pose risks to effective supervision, seamless exchange of information and coordination. In this regard, Parliament called on the Commission to assess whether a regulation would be a more appropriate legal act than a directive.
The Commission is also called on to:
- further assess the possibility of establishing a ‘grey list’ of potentially high-risk third countries on a basis analogous to the Union’s approach in listing non-cooperative jurisdictions for tax purposes;
- ensure a transparent process with clear and concrete benchmarks for countries which commit to undergo reforms in order to avoid being listed;
- publish its initial and final assessments of the listed countries, as well as the benchmarks applied, so as to ensure public scrutiny in such a way that they cannot be misused.
Documents
2019/09/19
EP - End of procedure in Parliament
2019/09/18
EP - Motion for a resolution
Documents
2019/09/18
EP - Motion for a resolution
Documents
2019/09/18
EP - Debate in Parliament
Documents
Documents
- Commission response to text adopted in plenary: SP(2019)635
- Results of vote in Parliament: Results of vote in Parliament
- Decision by Parliament: T9-0022/2019
- Motion for a resolution: B9-0045/2019
- Motion for a resolution: B9-0046/2019
- Debate in Parliament: Debate in Parliament
- Motion for a resolution: B9-0045/2019
- Motion for a resolution: B9-0046/2019
- Commission response to text adopted in plenary: SP(2019)635
Activities
- Heidi HAUTALA
Plenary Speeches (3)
- Laura FERRARA
Plenary Speeches (1)Institutional Motions (1)
- Sven GIEGOLD
Plenary Speeches (1)Institutional Motions (1)
- Gunnar BECK
Plenary Speeches (1)Institutional Motions (1)
- Luis GARICANO
Plenary Speeches (1)Institutional Motions (1)
- Matt CARTHY
Institutional Motions (1)
- Ignazio CORRAO
Institutional Motions (1)
- Angel DZHAMBAZKI
Plenary Speeches (1)
- Neena GILL
Plenary Speeches (1)
- Sophia IN 'T VELD
Institutional Motions (1)
- Othmar KARAS
Plenary Speeches (1)
- Stelios KOULOGLOU
Institutional Motions (1)
- Emmanuel MAUREL
Plenary Speeches (1)
- Dimitrios PAPADIMOULIS
Institutional Motions (1)
- Piernicola PEDICINI
Institutional Motions (1)
- Bronis ROPĖ
Institutional Motions (1)
- Michaela ŠOJDROVÁ
Plenary Speeches (1)
- Ernest URTASUN
Plenary Speeches (1)
- Miguel URBÁN CRESPO
Institutional Motions (1)
- Rainer WIELAND
Plenary Speeches (1)
- Pedro MARQUES
Plenary Speeches (1)
- Gwendoline DELBOS-CORFIELD
Institutional Motions (1)
- Henrike HAHN
Institutional Motions (1)
- Antony HOOK
Plenary Speeches (1)
- Hervé JUVIN
Plenary Speeches (1)
- Mislav KOLAKUŠIĆ
Plenary Speeches (1)
- Alexandra Louise Rosenfield PHILLIPS
Institutional Motions (1)
- Ramona STRUGARIU
Plenary Speeches (1)
- Nikolaj VILLUMSEN
Institutional Motions (1)
- Viola VON CRAMON-TAUBADEL
Institutional Motions (1)
- Salima YENBOU
Institutional Motions (1)
- Sabrina PIGNEDOLI
Institutional Motions (1)
- Marek BELKA
Plenary Speeches (1)
- Mikuláš PEKSA
Plenary Speeches (1)
Votes
B9-0045/2019 - Am 1 19/09/2019 12:18:05.000 #
2019/09/19 Outcome: -: 505, +: 109, 0: 32
ID
NI
GUE/NGL
ECR
Verts/ALE
Renew
S&D
PPEB9-0045/2019 - Am 2 19/09/2019 12:18:18.000 #
2019/09/19 Outcome: -: 483, +: 161, 0: 15
B9-0045/2019 - Am 3 19/09/2019 12:18:31.000 #
2019/09/19 Outcome: -: 526, +: 110, 0: 17
B9-0045/2019 - Am 4 19/09/2019 12:18:44.000 #
2019/09/19 Outcome: -: 532, +: 100, 0: 22
B9-0045/2019 - Résolution 19/09/2019 12:19:48.000 #
2019/09/19 Outcome: +: 530, 0: 104, -: 14
History
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