Analysis
The European Union will need additional investments of around €700 billion every year to meet the objectives of the European Green Deal. The bulk of these investments will have to come from private funding. How to address this challenge?
A comprehensive approach to combating money laundering, terrorist financing, and sanctions evasion in the European Union has taken shape with the approval of MEPs. Stricter rules have been endorsed to address existing loopholes, ensuring consistent application of regulations and sanctions. Notably, verified information pertaining to beneficial owners will be made accessible to journalists and civil society through dedicated registers. To enforce these rules effectively, the establishment of a new European Anti-Money Laundering Authority is on the horizon.