Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-11-13-Speech-2-042"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-11-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Money laundering2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20011113.3.2-042"2
lpv:hasSubsequent	lp_eu:2001-11-13-Speech-2-0432
lpv:speaker	lp:Baroness Sarah Ludford2
lpv:spoken text	"Mr President, one of the biggest gaps in the anti-money laundering regime has been that it only applied to financial institutions. As successive international reports have made clear, lawyers and other professionals become vulnerable to exploitation as unwitting accomplices in the washing of dirty money from criminals and terrorists as banks tighten up, which, I am glad to say, they are at last having to do. I regard the outcome of the conciliation on this directive as satisfactory if it is interpreted in a common sense way. That means that lawyers, accountants and tax advisers must, outside a strict definition of legal privilege, report transactions that are suspicious, in other words, that they have reason to believe their client is involved in money laundering. This is the only feasible interpretation. There has been a huge amount of hype on this directive aimed at protecting lawyers' vested interests and not, I am afraid to say, individual rights. This has delayed the finalisation of the directive for an unnecessary six months. Parliament has not exactly covered itself with glory. I hope all Member States will declare that they have no intention of invoking the option to exempt lawyers from the ban on tipping off clients that the authorities have been alerted. We need to make sure that our legal and financial systems are not exploited, rather than concentrating on the position of the lawyers themselves and their own self-interest."@en1
lpv:spokenAs	substitute; Committee on Foreign Affairs, Human Rights, Common Security and Defence Policy (1999-09-13--2002-01-14)3 unknown; Liberal Democrat Party (1999-07-20--2004-07-19)3 member; Committee on Citizens' Freedoms and Rights, Justice and Home Affairs (1999-09-13--2002-01-14)3 member; ELDR (1999-07-20--2004-07-19)3 member; Delegation for relations with South-east Europe (1999-09-29--2002-01-14)3 substitute; Delegation to the EU-Cyprus Joint Parliamentary Committee (1999-09-29--2002-01-14)3
lpv:unclassifiedMetadata	"Ludford (ELDR )."1

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