EU starts legal actions against Luxembourg over money laundering, tax avoidance

BRUSSELS (Reuters) - The European Commission launched legal actions on Thursday against Luxembourg over laws to prevent money laundering and tax avoidance, it said in a statement.New EU rules to step up scrutiny of financial assets controlled by politicians and companies' owners were approved in May 2018 in an effort to clamp down on money laundering, but Luxembourg is among EU states that are not yet fully applying them, the Commission said.In a separate legal action, also launched on..