Centre news

WDR 5 - An EU Asset Register to Combat Financial Secrecy

In an interview in WDR 5 Policy Fellow Sebastian Mack speaks about his proposal for an EU-wide asset register. 

The proposal comes about due to the current difficulties faced by the EU in tracking down Russian oligarchs whose assets are included in recent sanctions packages. With an EU-wide asset register, Sebastian Mack suggests that the EU and member states would be better able to identify what belongs to whom across national borders. This would help governments to identify and eliminate sources of dirty money. In addition, Sebastian Mack says that "the biggest advantage of an asset register would be that all the information that member states are already collecting [would converge]...and then the authorities can look at who owns what and bring the pieces of the puzzle together."

Listen to the full interview (in German) here