Tag Archives: financial intelligence unit

If supervision turns a blind eye or “Stacks of dirty money”

Matthias Dennig/ June 4, 2019/ Uncategorized

At the end of January, the last 500 bank notes were issued in the euro zone. Exempt were Germany and Austria, where the purple notes were used more frequently than elsewhere.  Now both countries followed suit. At the end of April, the grace period for those 500s expired, but the bills in circulation will continue to be valid indefinitely. This

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Fifth Anti-Money Laundering Directive: What Does It Mean for You?

Susanne Hofrichter/ July 30, 2018/ Uncategorized

The EU’s Fifth Anti-Money Laundering Directive is finally here. Published in the Official Journal on June 19 of this year, the new directive became binding on 9 July. The aim? To tighten the screws on terrorist financing and drive up transparency in financial transactions. No small task for those firms affected and yet another compliance hurdle to overcome. And the

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