Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-04-05-Speech-4-084"

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"en.20010405.6.4-084"2
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". – I support measures to tighten controls in the fight against money laundering by obliging banks and professionals to report clients under suspicion to the authorities. Billions of pounds are lost every year across the European Union due to money laundering and fraud. When we think of crime, an image of burglaries, violent muggings and knife attacks by gangs of youths on our streets often springs to mind. Money laundering is an unseen crime, but it costs the taxpayer dearly and those found guilty should pay the price. Those misusing the financial system should be caught and punished. Moreover, money laundering is responsible for financing the evil trade in drugs, trafficking in humans and other horrific crimes. We should not turn a blind eye to crimes of this kind. We must crack down on banks and professionals, encouraging them to report clients under suspicion to the authorities. We should even extend the scope of this proposal to include high-spending gamblers and auctioneers at the top end of the market. Madam President, this issue is an important one at a European level. Money laundering is not simply restricted to Manchester or to Madrid. It knows no borders, and tainted money changes hands across regions and countries. It is not enough to enforce purely British legislation, but measures must be taken across the EU. We must work together to tackle this challenge. Therefore, I applaud the efforts of this House to curb the use of the financial system for money laundering."@en1
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