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laundering

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EU money laundering rules
December 7th, 2022 - 07:54 GMT

EU tightens anti-money laundering rules

Brussels: The Council of the European Union Wednesday agreed on new regulations to tighten constraints on money laundering and terrorism financing. By limiting large cash payments, the EU will make it harder for criminals to launder dirty money, said the Council which represents the 27 EU member states in a statement. An EU-wide maximum limit of 10,000 euro ($10,495) is set for cash payments. EU Member states will have the ...
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