Centre news

Süddeutsche Zeitung - Creation of an EU Asset Register

In this article in the Süddeutsche Zeitung, Sebastian Mack's recent proposal for the creation of an EU-wide asset register is discussed. 

The challenges in tracking down and identifying the assets held by Russian oligarchs point to the urgent need for such a register to be created. The proposal comes about at exactly the right time, as the EU anti-money laundering legal framework is currently under discussion in Brussels.

"If combined with increased policing and law enforcement resources at national and EU level, an EU asset register has the potential to drain the swamp of financial crime in Europe," says Sebastian Mack in the article. He suggests that EU member states should plug the gaps in the collection of beneficial ownership data and then link the data together. 

Read the full article (in German) here