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Parliamentary question - E-004534/2021Parliamentary question

Anti-money laundering

Question for written answer  E-004534/2021
to the Commission
Rule 138
Maria Grapini (S&D)

There are certain shortcomings in the steps that have been taken at EU level to combat money laundering and the financing of terrorism. At the same time, the EU framework for monitoring this area is fragmented and poorly coordinated and hence fails to ensure a cohesive and uniform approach.

Money laundering is the practice of legitimising the proceeds of crime by injecting them into the regulated economy so as to conceal their illicit origin. Europol puts the value of suspicious transactions in Europe at around 1.3% of EU GDP. On a world scale, this figure is estimated to be close to 3% of global GDP.

Recent statistics show that of the suspicious transactions reported in the EU over 75% came from credit institutions in more than half the Member States.

Last updated: 20 October 2021
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