Brussels – France is urging its European Union partners to step up the fight against terror financing and will propose new measures to make transactions more transparent.
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French Finance Minister Michel Sapin said Tuesday that the aim is to rapidly seal a new EU anti-money laundering deal “and to accelerate other complementary measures to be able to locate all these small movements that are at the heart of terrorist financing.”
France wants tighter cooperation on sharing intelligence related to money laundering, tougher legislation on freezing suspects’ assets, and to improving the ability of customs services to track things like gold.
Sapin expects a good reception for the proposals from EU finance ministers “because terrorism affects every country.”
France was hit by terror attacks early this month that left 20 people dead.