DESCRIPTION AND GROUNDS Need for Community intervention17 Objectives pursued The present proposal for a regulation aims to transpose Special Recommendation VII ( SR VII ) of the Financial Action Task Force ( the international body established by the Paris G7 summit in 1989 which objective is to fight against financial crime ) into Community law in a way that is fully compatible with Internal Market principles .
DESCRIPTION AND GROUNDS Need for Community intervention17 Objectives pursued The present proposal for a regulation aims to transpose Special Recommendation VII ( SR VII ) of the Financial Action Task Force ( the international body established by the Paris G7 summit in 1989 which objective is to fight against financial crime ) into Community law in a way that is fully compatible with Internal Market principles .