CNUE - THE FIGHT AGAINST MONEY LAUNDERING
THE FIGHT AGAINST MONEY LAUNDERING - AN INTERNATIONAL COMBAT, A EUROPEAN CHALLENGE Money laundering is a multifaceted phenomenon. First of all, it is neither static nor temporary: it is constantly evolving, finding new resources in an ever-increasing financial globalisation and the evolution of technology. It is also a phenomenon that is inherently transnational, not only disregarding borders, but using them to blur the trail of successive financial transactions across the globe and obstructing the course of justice. Finally, it is a phenomenon that is on the increase. According to an estimate by the Financial Action Task Force (FATF), the annual volume of money laundering operations is estimated at between 2 and 5% of global GDP.
THE FIGHT AGAINST MONEY LAUNDERING - AN INTERNATIONAL COMBAT, A EUROPEAN CHALLENGE
Money laundering is a multifaceted phenomenon. First of all, it is neither static nor temporary: it is constantly evolving, finding new resources in an ever-increasing financial globalisation and the evolution of technology. It is also a phenomenon that is inherently transnational, not only disregarding borders, but using them to blur the trail of successive financial transactions across the globe and obstructing the course of justice. Finally, it is a phenomenon that is on the increase. According to an estimate by the Financial Action Task Force (FATF), the annual volume of money laundering operations is estimated at between 2 and 5% of global GDP.
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A coordinated approach at CNUE level aims
to facilitate the sharing of national expertise,
but also to ensure a high level of risk analysis
in a greater number of European notariats.
Among the objectives pursued are:
1) The creation of a European framework
for risk analysis at the level of the European
notariat.
2) The drafting of specifications to develop
a single access to a structured solution
enabling interested notariats to facilitate
the identification of high-risk clients, with
detailed and updated profiles.
A coordinated approach at CNUE level
aims to facilitate the sharing of
national expertise.
3) The evaluation of the usefulness of a
European tool for the notariat that includes
access to the above-mentioned points,
possibly within the framework of a project
co-funded by the European Commission.
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