Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-04-05-Speech-4-078"
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"en.20010405.6.4-078"2
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"The little war of amendments between Parliament and the Council throws light on the contradictions tying them both up in knots as they claim to be combating money laundering without daring to get to the heart of the matter.
If the laundering of money earned from drugs or illegal trafficking is to be effectively combated, banking confidentiality and business confidentiality have to be eliminated, not just suspended in a restricted way, and not just in court.
That would mean, however, revealing to public opinion the multitude of ways of accumulating capital and using it that are legal but still criminal in terms of the elementary interests of society. That would be unacceptable to those who champion profit and the right of those who benefit from it to make what use of it they like. They should not be surprised at their own powerlessness against those who push the logic of profit to the point of criminality.
We have no intention of endorsing these ineffective measures with our vote, any more than the laundering of capital, which is legal certainly, but acquired at the price of exploitation and used to the detriment of society."@en1
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