The Council’s Economic and Financial Affairs Council (ECOFIN) has published its conclusions on the fight against terrorism (CTF). It welcomes the action plan to strengthen the fight against the financing of terrorism, which takes into account views of Member States and contains both legislative and non-legislative actions and initiatives. It also urges Member States to swiftly implement the fourth Money Laundering Directive (MLD4) before the end of 2016 and underlines the importance of achieving rapid progress on legislative actions, in particular in:
- virtual currencies;
- strengthening access to information, such as access to bank and payment account information, by Financial Intelligence Units;
- appropriate measures on pre-paid instruments; and
- measures against illicit cash movements.
Ministers also discussed the Commission’s Anti-Tax Avoidance Package through which Member States are coordinating an EU-wide response to corporate tax avoidance. Ministers also adopted the Council’s guidelines for the 2017 budget.