MONEY LAUNDERING
October 1st, 2001
BY KEITH NUTHALLPRECIOUS metal dealers are to be included within the scope of an expanded EU money laundering directive, after a deal was struck between the European Parliament and the EU Council of Ministers over the final shape of reforms to the legislation.In an agreement given political impetus by the attacks in the US and the need for improved legislation to help pinpoint terrorist-tainted funds, both bodies agreed to extend the number of professions covered by its rules to a number of non-financial businesses.Precious metal merchants across the EU will now ...
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