Despite tougher rules against money laundering, there are still many shortcomings among member states, the European Central Bank and the Commission. EURACTIV.fr reports.
The series of terrorist attacks in Europe from 2015 to 2016 and the Panama Papers scandal have intensified the combat against money laundering. MEPs adopted the fifth revision of the EU’s anti-money laundering directive, on 19 April.
A necessary update of the European directive, which allows for example to integrate cryptocurrencies such as Bitcoin, which were until now left out of monitoring procedures. The Paris attacks in 2015 also brought forward the question of the control of prepaid phone cards used by terrorists.
The authorised threshold of payment has now been reduced to 150 euros, compared to 250 euros previously.
European Union states and legislators agreed on