Inquiry Committee on Money Laundering and Tax Evasion

Summary

The European Parliament is establishing a 65-member Committee of Inquiry to investigate alleged failures in enforcing EU laws against money laundering, tax avoidance, and tax evasion.
10 08.06.2016
Other
economy
finance
taxation
european union
administrative law

Key points

  • The European Parliament decides to set up a specialized Committee of Inquiry consisting of 65 members.
  • The committee will investigate whether the Commission and Member States have failed to effectively enforce anti-money laundering regulations.
  • The inquiry will look into failures regarding administrative cooperation and the spontaneous exchange of tax information between Member States.
  • The committee will assess if Member States have breached their duty of sincere cooperation, particularly regarding the use of trusts or virtual currencies to hide ownership.
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