The article in the times that scutter linked to said:Bono attended as a representative of the One campaign against extreme poverty, a group which argues that it is crucial for European leaders to introduce measures to make it more difficult to move money secretly around the world.
The One campaign believes money secretly moved from sub-Saharan Africa through the financial system amounts to some €38.6bn per year, greater than the €29.8 billion the region receives in developmental aid from wealthy western countries.
He called at the EPP meeting for action in European law to introduce public registers of the ownership of “phantom firms” and off-shore companies and trusts.
“Right now, your ministers . . . and your members of the European Parliament are working on another law that could help transform the lives for the poor, and the rest of us, too,” he said.
“It’s a law to inject daylight into the financial system to stop corrupt monies vanishing to ‘safe’ havens and combat money laundering,” he said.
I think this is Bono's way of saying it's time to stop our wealthiest citizens moving their funds out of the reach of the less well off