Access to AML Information for Tax Authorities

Summary

This proposal aims to grant EU tax authorities access to anti-money laundering information to better combat tax evasion and fraud.
10 16.12.2016
Other
finance
taxation
administrative law

Key points

  • The proposal aims to strengthen the fight against tax evasion and money laundering by improving information sharing.
  • The scope of the regulations will be expanded to include virtual currency exchange services and digital wallet providers.
  • Tax authorities will benefit from a mandatory and automatic exchange of information regarding beneficial owners across Member States.
  • Member States must ensure that information obtained from public leaks or spontaneous exchanges is investigated in a timely manner.
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