Author (Corporate) | European Commission: Press and Communication Service |
---|---|
Series Title | Press Release |
Series Details | IP/05/682 (7.6.05) |
Publication Date | 07/06/2005 |
Content Type | News |
The European Commission welcomed the definitive adoption by the Council of Economic and Finance Ministers of the Third Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, 7 June 2005. The Directive applies to the financial and other key services sectors and also covers all providers of goods, when payments are made in cash in excess of €15.000. Those subject to the Directive must cooperate in the fight against money laundering by taking various measures to establish customers' identities, report suspicions and set up preventive systems within their organisations. |
|
Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/682&format=HTML&aged=0&language=EN&guiLanguage=en |
Related Links |
|
Subject Categories | Justice and Home Affairs, Security and Defence |
Countries / Regions | Europe |
![](https://www.europeansources.info/wp-content/uploads/esologo2.png)