The European Parliament gave the final go-ahead Wednesday for new EU measures to crack down on money laundering, which were fast-tracked after the deadly Paris terrorist attacks in January. “These new rules … are an important step in the fight against money laundering, corruption and terrorist financing,” said EU lawmaker Nils Torvalds, who handled the file for his liberal faction. “Financial crime knows no borders and our laws have to keep up.” The measures stipulate, among other things, that countries must hold registers on ultimate company ownership; that money transfer firms must give clearer information on recipients; and that precious metal or diamond vendors must keep track of high-value sales. Europe Online Magazine