Quaker MEP welcomes new directive
Molly Scott-Cato has welcome an anti-money-laundering directive
Green Quaker MEP Molly Scott-Cato has welcomed a new EU directive that addresses the problem of money laundering.
The economic and legal committees in the European Parliament jointly voted to support the strengthening of the anti-money-laundering directive on 28 February.
The directive is a piece of European law that requires financial and legal companies to be transparent about how rich people are moving their money from country to country. It also includes the proposal for a ‘beneficial ownership register’ – meaning that rich people cannot hide their money in closed trusts so that nobody knows who benefits from what.
Molly Scott-Cato said in a statement: ‘With so much gloom around it’s great to be able to share news of a historic move against tax evasion and financial crimes’.
‘The directive is about clamping down on illegal flows of money and global gangsters getting away with murder,’ Molly Scott-Cato explained. ‘Since much of this “dirty money” is cleansed through the London property market, I was delighted that a Green proposal to strengthen controls on that activity was passed.’
Molly Scott-Cato is Green MEP for the South West of England and Gibraltar and was elected in May 2014.
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