Greens/EFA say revelations on FinCEN archives should be a wake-up call

Brussels, 21 September 2020 – The Greens/EFA group in the European Parliament says the latest revelations by the International Consortium of Investigative Journalists (ICIJ) on government failures in the case of FinCEN archives should be a wake-up call.

At issue is the involvement of internationally operating banks in money laundering operations by the Mafia and by despots, oligarchs, terrorists and drug lords. The evaluation of suspected money laundering reports to the US anti-money laundering authority FinCEN (Financial Crimes Enforcement Network) reveals control failures at internationally operating banks and deficiencies in state supervision. 

The Greens/EFA group calls on European Union governments to end their blockade of a European financial intelligence unit, requests a plenary debate with the Council and the European Commission and will put the money laundering scandal on the agenda of the new Standing European Parliament's sub-committee on tax matters (FISC). The constitutive meeting will take place on 23 September, at 9 a.m..

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