Ethics and governance in the European Financial centers

At their meeting in Brussels on Thursday, 15 February, the council of European Union justice and home affairs ministers agreed on incorporating the main provisions of the Prüm Treaty into the EU’s legal framework. The resulting draft decision is to be forwarded without delay to the European Parliament for its comments, meaning that the process of incorporating the treaty into EU legislation could be completed before the German Presidency ends on June 30.

The treaty, which was signed by seven European states (Austria, Belgium, France, Germany, Luxembourg, the Netherlands and Spain) in the German town of Prüm on 27 May 2005, provides for greater cross-border cooperation of police and judicial authorities.

In Brussels, Federal Minister of the Interior Wolfgang Schäuble stated, “Transposing the treaty into EU legislation will enable all 27 EU Member States to benefit from the enormous added value provided by the treaty. Our aim is to create a modern police information network for more effective crime control throughout Europe

See press release

IMoLIN, the Internet-based network assisting governments, organizations and individuals in the fight against money laundering, has published a Model Legislation on Money Laundering and Financing of Terrorism.
This model law on money laundering and the financing of terrorism is the outcome of a joint effort of the United Nations Office on Drugs and Crime (UNODC) and the International Monetary Fund (IMF). It contains a comprehensive set of legal measures that a domestic law should include in order to prevent, detect, and sanction effectively, money laundering and the financing of terrorism and to enable international cooperation against these crimes.

See document

IMoLIN is an Internet-based network assisting governments, organizations and individuals in the fight against money laundering. IMoLIN has been developed with the cooperation of the world’s leading anti-money laundering organizations. It issued a nex document providing an verview of the UN Conventions and Other International Standards Concerning Anti-Money Laundering and Countering the Financing of Terrorism.

See document