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NEWS: Italian PM tells shoppers ‘cash is king’ just as Brussels AML plans aim to make paper money transactions less attractive

CASH IS KING: Italian PM Giorgia Meloni meeting European Commission President Ursula von der Leyen in Brussels this month. Meloni's views on cash transactions may be very different to the Commission's proposed new AML regulation

By AMLi Correspondents NEW ITALIAN right-wing PM Giorgia Meloni wants shoppers to use cash in more transactions – bucking a global trend towards electronic currency. Meloni dismissed card payments as “private money,” urging consumers to ditch tapping in favour of paper money purchases. Meloni has claimed there is no link between cash payments and tax…

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