The Capital Markets Union project has been at the heart of this Commission’s ambition to boost growth in Europe, invest in innovation and promote the EU’s global competitiveness. With now 11 out of 13 proposals agreed, the CMU will become a true driver of investment in the Single Market, providing additional sources of financing to EU companies and opportunities for citizens to save for their future. The CMU channels investment to environmentally-friendly projects, thereby contributing to the EU’s sustainable and carbon-neutral agenda.
The EBA has closed its formal investigation into a possible breach of Union law by the Estonian Financial Services Authority (Finantsinspektsioon) and the Danish Financial Services Authority (Finanstilsynet) in connection with money laundering activities linked to Danske Bank and its Estonian branch in particular.
Financial investigators from the Hungarian National Tax and Customs Administration (Nemzeti Adó- és Vámhivatal) disrupted an organised criminal network for value-added tax (VAT) fraud associated with money laundering.
The EU is stepping up the fight against fraud involving non-cash means of payment (credit cards, online shopping, etc.) by upgrading and modernising the existing rules.
The European Banking Authority (EBA) brought together, on its website, links to national competent authorities’ websites where users will be able to access information on sanctions and administrative measures competent authorities have imposed for breaches of applicable anti-money laundering and counter-terrorist financing (AML/CFT) obligations.
On the third anniversary of the Panama Papers (Wednesday April 3rd) the Greens/EFA group in the European Parliament is launching a new study “Competing for the rich: Tax exemptions and special schemes for the rich”, revealing how governments in the European Union compete to attract the super-rich through tax breaks and other preferential treatment.