EP to discuss and vote on PANA’s findings and recommendations

After 18 months of work, the European Parliament’s Special Inquiry into Money laundering, Tax avoidance and Tax evasion (PANA) mandate is nearing the end, as MEPs will debate on Tuesday and vote on its recommendations on Wednesday.

Better regulation of financial intermediaries, better protection of whistle-blowers and a single definition of tax havens are among sweeping proposals up for vote at the plenary in Strasbourg.

The recommendations are part of a series of reforms proposed by PANA.

MEPs will debate the findings of the Committee, which was originally set up in the wake of the Panama Papers revelations, before they vote on its many recommendations.

After the vote, the final report and recommendations will be passed to the Commission and Council.

Source: Cyprus News Agency