Summary
An inquiry into how offshore structures and intermediaries facilitate money laundering, tax evasion, and tax avoidance. 10 16.02.2017
Other
economy
finance
taxation
transport
human rights
administrative law
public administration
international relations
public finance and budget policy
information technology and data processing
Key points
- The inquiry was prompted by the massive leak of data known as the Panama Papers, which revealed widespread use of offshore companies.
- The Committee of Inquiry was established based on specific legal powers granted by the European Union treaties.
- There are significant concerns regarding the inconsistent implementation of anti-money laundering directives across different Member States.
- Failures in identifying the real owners of companies have been identified as a major obstacle to effective law enforcement.
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