Anti-Financial Crime & Financial Crime Compliance
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Compliance News, EU/Europe

Malta set to ban cash transactions over €10K days after similar bloc-wide plan by the EU

By Vish Gain for AMLi

A SIX-YEAR proposal to ban cash transactions over €10,000 is finally set to become law in Malta as the country tries to undo its reputation as a money-laundering hub.

This comes days after the EU proposed the same move for the whole bloc which prompted mixed reactions from member states — with cash reliant countries such as Germany not happy.

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