High-level conference on anti-money laundering and countering terrorist financing – closing the door on dirty money

The European Commission is today hosting a high-level conference on the EU’s fight against money laundering and terrorist financing. This conference will mark the conclusion of the public consultation that was launched in parallel with the adoption of the Anti-Money Laundering Action Plan on 7 May 2020. There will be a series of dedicated panel debates and keynote speeches by high-profile speakers who are on the front line of the fight against dirty money, including Nicola Gratteri, Chief Prosecutor of Catanzaro, and Francois Molins, General Prosecutor at the French Court of Cassation. Valdis Dombrovskis, Executive Vice-President for an Economy that Works for the People, said: “Dirty money should have nowhere to hide. The EU has been ramping up its anti-money laundering rules. They are now among the toughest in the world – but still not enforced equally across the board. It is clear that we must do a lot more to shut off remaining loopholes, remove weak links, and coordinate better between EU countries. Effectiveness, efficiency, enforcement: these are the governing principles of our strategy in tackling money-laundering. They should apply across the EU and across the world. That is how we can beat it.” Three thematic panels will cover the areas for future reform of EU rules, while a closing roundtable will bring together representatives from the European Commission, the German Presidency and the European Parliament to highlight the EU’s united position and commitment to fighting money laundering and terrorist financing. Each panel will include an opportunity for questions via Twitter with the hashtag #StopDirtyMoneyEU. For more information, details on the programme and a link to the live feed, please see here.