EU Pushing the ‘Criminalisation’ of Physical Cash with New Anti-Money Laundering Law
The European Union is in danger of “criminalising” the use of physical cash with its new anti-money laundering laws, an MEP has warned.
Dr Gunnar Beck, a representative for the populist Alternative for Germany (AfD) party, has warned that the EU appears to be pushing for the “criminalisation” of the use of physical cash with its new anti-money laundering (AML) laws.
Politicians in Brussels have long been pondering an upper legal limit on the value of cash transactions within the bloc, with lawmakers detailing plans to ban Europeans from spending over €10,000 in physical tender as part of a single transaction.
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