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Germany, France urge EU to take lead in fighting money laundering

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(Globalpost/GlobalPost)

BERLIN (Reuters) - Germany and France want the European Union to take a lead in fighting money laundering and financial crimes, asking the Commission in a joint letter to develop policies against countries that do not cooperate.

The two countries' finance ministries also said in a joint statement on Thursday that they wanted better harmonisation of national anti-money laundering frameworks and that the EU Commission should control and assess implementation.

"In their letter, ministers (Wolfgang) Schaeuble and (Pierre) Moscovici propose that the EU lead the fight against worldwide financial crimes and develop a European policy against non-cooperative jurisdictions," they said in their statement.

(Reporting by Annika Breidthardt)

http://www.globalpost.com/dispatch/news/thomson-reuters/130425/germany-france-urge-eu-take-lead-fighting-money-laundering