Socialism at work.
Anti-money laundering: Council and Parliament strike deal on stricter rules
“According to the agreement, CASPs will need to apply customer due diligence measures when carrying out transactions amounting to €1000 or more.”
“An EU-wide maximum limit of €10.000 is set for cash payments, which will make it harder for criminals to launder dirty money.”
“Entities or arrangements that are associated with persons or entities subject to targeted financial sanctions will need to be flagged.”