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Money Laundering Bulletin RSS feed

€500 banknote issuance to end

Online Published Date : 06 May 2016 | Appeared in issue: 234 - 01 June 2016

The European Central Bank (ECB) is to stop printing €500 banknotes by around the end of 2018 over concern that they “could facilitate illicit activities”.Those notes already in circulation will remain legal tender while national..

UK parliamentarians temper PEP controls


Online Published Date : 06 May 2016 | Appeared in issue: 233 - 02 May 2016

UK MPs and their families should no longer feel “hounded” by the banks like “African despots”, in the colourful language of member Charles Walker, vice chairman of the influential 1922 Committee of Conservative backbenchers,..

Becoming a sector of value


Online Published Date : 06 May 2016 | Appeared in issue: 233 - 02 May 2016

Money or value transfer services (MVTS) that bypass, touch, intersect or operate through the traditional financial system may disconcert in their bewildering diversity, often attended by opaqueness and large networks of agents. Sue Grossey studies..