Members of the European Parliament have formally requested that the European Commission incorporate risks associated with crypto assets into its forthcoming anti-corruption strategy. This initiative aims to address concerns regarding opaque ownership structures and the use of digital tools in illicit financial activities.
During a session held on Thursday, lawmakers adopted a nonbinding resolution that establishes their priorities for the upcoming strategy. The document emphasizes the need for enhanced capabilities to trace, freeze, confiscate, and recover criminal proceeds across the European Union.
The proposed strategy is designed to supplement the existing EU anti-corruption directive, which became effective in May. That directive already established harmonized definitions for corruption-related offenses and set minimum penalties for such crimes throughout the member states.
In addition to crypto-related measures, the European Parliament is advocating for more rigorous oversight in public procurement and grant distribution. The resolution also calls for standardized rules regarding conflicts of interest, lobbying practices, political financing, and protections for whistleblowers.
