German Finance Minister Proposes Anti-Money Laundering Plan
Finance Minister of Germany proposed an international initiative to standardize and share information that says it will help combat tax fraud and money laundering.
German newspaper Die Welt reported Sunday that Wolfgang Schäuble intends to create a national registry of Germany to better identify who owns and controls companies, trusts and other legal structures, as required by new EU directives European approved last year .
His plan calls on all countries to standardize and link their national registries, and provide access to the tax authorities and non-governmental organizations and journalists.
The Ministry of Finance said Die Welt following disclosures Panama is offshore Germany currently has no intention to prohibit the mailbox is anonymous letters and estimates that "total transparency is the right way" to do so, instead AP -. IH
German newspaper Die Welt reported Sunday that Wolfgang Schäuble intends to create a national registry of Germany to better identify who owns and controls companies, trusts and other legal structures, as required by new EU directives European approved last year .
His plan calls on all countries to standardize and link their national registries, and provide access to the tax authorities and non-governmental organizations and journalists.
The Ministry of Finance said Die Welt following disclosures Panama is offshore Germany currently has no intention to prohibit the mailbox is anonymous letters and estimates that "total transparency is the right way" to do so, instead AP -. IH
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