Anti-Financial Crime & Financial Crime Compliance
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BREAKING: EU will ban cash transactions of more than €10,000. ‘We want clean euros, not dirty ones,’ says Finance Commissioner; new AML Action Plan will be a ‘Big Bang’ solution, she predicts

By Dan Byrne for AMLi

EUROPE is set to completely outlaw cash transactions of €10,000 or more, under new anti-money laundering measures.

This July EU Commissioner Mairead McGuinness will unveil a legislative package detailing the next steps in the bloc’s fight against dirty money and terrorism financing.

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