French Banks Promote Plan To Combat Tax Havens - Report
The French bankers trade group has drawn up a set of proposals to present to fellow European banks for combatting tax havens, according to Le Figaro's Web site on Friday, citing the group's leadership.
The plan recognizes that the banks have to participate in government policies on the issue and become more proactive, the newspaper said. The banks would pledge to uniformly apply internal controls and commit to full transparency to regulators, according to the plan.
The banks would also agree to curb activities in any location deemed uncooperative by international authorities, the newspaper said.
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