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EU/Europe, Financial Services

BREAKING: The detail behind how EU is outlawing cash transactions more than €10,000 – but there are two exemptions in place

Premium July 20, 2021

CRACKDOWN: “The proposed rule is designed to make it more difficult to use false identities to establish customer relationships with investment advisers,” said SEC Chair Gary Gensler. “I support this proposal because it could reduce the risk of terrorists and other criminals accessing U.S. financial markets to launder money, finance terrorism, or move funds for other illicit purposes.”

UK FATF

NEWS: UK AML Supervision Report outlines FATF compliance efforts

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By Kavya Kothiyal for AMLi

In its newly published AML Action plan, the European Commission has proposed an EU level maximum threshold of €10,000 for cash transactions.

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UK FATF

NEWS: UK AML Supervision Report outlines FATF compliance efforts

 Premium

NEWS: Australia scam losses drop by 26% in 2024

INSIGHT: Victory for Latvia’s fincrime fighters as top court upholds non-conviction based assets confiscation

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