MONEY LAUNDERING DIRECTIVE
April 1st, 2001
BY KEITH NUTHALLTHE DUTY of security companies, auctioneers, luxury goods retailers and customs and tax officials, to abide by the EU money laundering directive's commitments on record keeping and notifying suspicious transactions, has been written back into the proposed law, following its second reading by the European Parliament. These amendments now will be re-presented to the Council of Ministers.Parliament's amendments said that retailers had to abide by the directive when selling luxury goods worth more than Euro 50,000 and auctioneers when handling a ...
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