The EU plans create European anti-money laundering authority with the capacity to sanction multinationals and control cryptocurrencies and online gambling - The European Union begins to take steps to combat money-laundering after several scandals that have implicated the major banks and financial institutions in recent years, such as those affected in 2018 at Danske Bank in Denmark or CaixaBank in Spain and, more recently, which revealed that the practices of the Santander Bank in Switzerland, which he denounced the Bank of Spain in December or JPMorgan Chase, HSBC and Deutsche Bank on a global scale.

To combat these practices, Brussels proposes the establishment of the European anti-money-Laundering, a community agency that would have the capacity to monitor the activity of multinational companies and to impose sanctions in case of a check to his participation in practices of laundering black money and the financing of illicit activities, according to a draft european who has had access to The Country.

In addition, the new agency european anti-money-laundering would also be able to monitor other activities that can serve as a refuge to financial activities criminal, as the operations and purses, criptomonedas, houses of ciberapuestas, entities, foreign exchange, mutual funds, or insurance companies, which the European Commission considers that can be used by criminals to funnel and launder the black money generated by their illegal activities.

EU plans create European anti-money laundering authority

The European Commission launched in 2019 a series of measures against money laundering after the illicit practices identified in the previous year in Deutsche Bank, Danske Bank, ING, among others, an initiative that joined Germany, France, Spain, Italy, the Netherlands and Latvia signed a joint statement calling for the creation of a european supervisor laundering of black money, according to the journal of the Prisa Group.

2 years later, Brussels revisits this proposal after the break caused by the pandemic, proposing the creation of an independent authority and not under the supervision of the European Banking Authority, as claimed by Spain, which will have a budget of 45.6 million euros and a workforce of around 250 workers, according to The Country, which provides for the creation of the European anti-money-Laundering (AMLA) occur in 2024 and its launch in 2026.

EU plans create European anti-money laundering authority

Among its functions, the AMLA should assess the risks of infiltration of organized crime in the EU, in coordination with national agencies in the fight against financial crimes, in addition to monitoring credit institutions that are present in at least 7 countries of the EU or to financial institutions in general that operate in at least 10 eu countries, with subsidiaries in another State and activity on the 27th, although these details still need to be negotiated in the european Parliament.

If this EU project is finally carried out, the AMLA will have to coordinate with the measures included in the Law on Measures to Prevent and Combat Tax Fraud that the Spanish Government approved in May and which include limiting cash payments, imposing new investment requirements in sicav to enjoy tax exemptions and forcing socimis to tax 15% of their undistributed profits, among other measures.

EU plans create European anti-money laundering authority

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How much money you would have earned by investing 1,000 euros in Apple shares since Tim Cook's appointment as CEO

Inheriting a legacy like Steve Jobs with Apple is not easy.

Taking the position of one of the greatest geniuses at the corporate level represents a challenge for anyone.

This is the case of Tim Cook, who held the position of CEO of Apple on August 25, 2011 when la enseña de la manzana wrote the golden pages of its history with the multiple releases of the iPod and, later, of the iPhone. It was a revolution in the world of technology.

However, Cook's arrival, in addition to curbing the aspirations of the Cupertino-based company, was a continuation of the business growth that had already taken hold.

The results published for the first quarter of the year reflected this. Revenues for this period were $ 89.6 billion, while net profit was $ 23.6 billion. Figures that show the growth of the company during these last decades.

But the growth of numbers in its balance sheet, as is almost always the case, has also had a clear impact on the markets. If Apple is one of the great success stories on the stock market, Tim Cook's stage is one of the most relevant in terms of profitability.

For this reason, some investors wonder how much money they would have earned with the shares of Apple, had they invested 1,000 euros since Cook was appointed as CEO of the company.

The titles of the technology company have shown a return of 919% throughout this period. Therefore, the reality is that having bet that amount since last August 25, 2011 would have achieved just over 10,000 euros. All this, in almost 10 years.

The doubts, taking into account the starting point, is what the titles of the technology firm can do. That is, if they have more revaluation capacity than the levels at which it is currently listed on the stock exchange.

In this regard, analysts believe that it may have a second stretch of the optimistic exercise. Jim Suva, Citig analyst and Gene Munster, Loup Ventures expert, consider that Apple has a favorable scenario, as they comment in recent notes distributed to their institutional clients.

“Can it expand... or can profits and revenues accelerate? We see that the valuation is fair in general” and we do not expect their actions to become too expensive, " says Suva

"What we see accelerating is revenue and sales, and that's why ... the consensus is not adjusting Apple's projections well for the long term, " says the Citi analyst. "We think that the advantage of the shares is fundamentally its sales, its profits, and the cash flow, but not other factors,” he adds. ´

For his part, Munster believes that the essence of Apple's further bull rally in the markets is investors ' belief that the March quarter was as good as it looks.

” I followed Apple for a long time and this quarter would describe it as the best period the company has had in over a decade, " he says.

In his view, the best days are coming for the company with some catalysts that can project value to much higher levels: “augmented reality, 5G, health care or transport are segments that can catapult Apple to have more income and skyrocket in the stock market”.

"I want to point out that I have been optimistic with Apple for a long time, as I made a prediction this year that it would be FAANG's best performing action and surely not; but that does not excuse to think that its long-term journey will be quite powerful,” he concludes.