The European Commission has endorsed the European Parliament's agreement at first reading on the Commission's proposal for tighter regulation of money transfers to combat funding for terrorists and other criminals. Under the proposals money transfers would be accompanied by the name, address and account number of the sender to help the authorities detect and investigate terrorists and other criminals, and to trace their assets. The proposal is part of the European Union Plan of Action to Combat Terrorism, to align the EU with the recommendations of the Financial Action Task Force.