EU officials on Tuesday published a wide-ranging plan to make life difficult for financial criminals by banning bearer shares, forcing transparency on legal entities, subjecting "golden passport" companies to anti-money laundering rules and enacting a swathe of other reforms.
European lawmakers welcomed plans Thursday to further update the EU's anti-financial crime defenses, but suggested that the bloc also make enhanced due-diligence obligatory for wealthy clients and lower the current percentage threshold for identifying beneficial owners.
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