5 Amendments of Marco ZANNI related to 2016/0209(CNS)
Amendment 17 #
Proposal for a directive
Recital 3
Recital 3
(3) To ensure effective monitoring of the application by Financial Institutions of the due diligence procedures set forth in Directive 2011/16/EU, the tax authorities need full and rapid access to AML information and to have at their disposal sufficient numbers of suitably skilled staff to perform that task. In the absence of such access and the appropriate staff, those authorities would not be able to monitor, confirm and audit that the Financial Institutions apply properly Directive 2011/16/EU by identifying correctly and reporting the beneficial owners of intermediary structures.
Amendment 22 #
Proposal for a directive
Recital 3 a (new)
Recital 3 a (new)
(3a) The recent LuxLeaks, Panama Papers and Bahamas Leaks scandals, which are individual manifestations of a global phenomenon, have shown that a lack of transparency, poor coordination between states and a lack of cooperation among tax authorities result in misalignments between tax systems and between the various jurisdictions involved, thereby creating potentials for fraud that can be exploited.
Amendment 25 #
Proposal for a directive
Recital 4
Recital 4
(4) EU rules on the prevention and combatting of money laundering have over time incorporated changes in international standards, with the aim of strengthening Member State coordination and responding – precisely because of the links between money laundering, the funding of terrorism, organised crime and tax evasion and avoidance – to the challenges faced at global level. It is therefore necessary to ensure theimmediate and facilitated access by the tax authorities to the AML information, procedures, documents and mechanisms for the performance of their duties in monitoring the proper application of Directive 2011/16/EU.
Amendment 31 #
Proposal for a directive
Recital 4 a (new)
Recital 4 a (new)
(4a) In order to achieve the objectives of this Directive, the Commission should assess the role which the banking system and financial operators may be playing in promoting money laundering. By virtue of its enhanced powers in the field of financial and banking regulation, the European Union could therefore take action through an ad hoc proposal on increased control and transparency for banking and financial transactions, and potential penalties such as licence withdrawal in the event of repeated non- compliance or fraud.
Amendment 36 #
Proposal for a directive
Recital 4 b (new)
Recital 4 b (new)
(4b) It is essential for there to be an automatic, mandatory and continuous exchange of information in the tax field among the various competent authorities in order to ensure maximum transparency and to have a basic instrument for preventing and combating fraudulent behaviour of all kinds.