MEPs call for creation of anti-money laundering watchdog

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Both are included in a set of recommendations approved by Parliament’s special tax committee.

The package was described as a “detailed roadmap towards fairer and more effective taxation and tackling financial crimes.”

The recommendations, adopted by the Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance, range from overhauling the system for dealing with financial crimes, tax evasion and tax avoidance, notably by thoroughly improving cooperation in all areas between the multitude of authorities involved, to setting up new bodies at the EU and global level.