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Almost one fifth of the world's market for offshore financial services is based in the UK, according to the Financial Secrecy Index, a study by leading NGOs, in 2013 (Photo: Neil Howard)

MEPs vote to pierce secrecy of trusts in anti-money laundering bill

A draft bill designed to crack down on money laundering and fraud was backed by a vast majority of MEPs in Strasbourg on Tuesday (11 March).

With only 30 MEPs opposed, the anti-money laundering bill requires companies, trusts and foundations to list the names of people who own them in inter-connected public registers set up in each member state.

“The scandal last week in the Dutch press, that the son of Yanukovych, the former president of Ukraine, has put a way a large sum of mone...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Almost one fifth of the world's market for offshore financial services is based in the UK, according to the Financial Secrecy Index, a study by leading NGOs, in 2013 (Photo: Neil Howard)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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