Compliance & Anti-Financial Crime
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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

BOOK: Authors say that over the last 30 years a vast global infrastructure has been created to try and prevent ‘dirty money’ entering a financial system that is, in fact, already awash with it.

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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