EU Lawmakers Tighten Anti-Terror Checks On Cash Movement

Law360, London (December 5, 2017, 4:05 PM GMT) -- European lawmakers have agreed to deploy tougher controls on cash at European Union borders in response to growing fears of terrorism and to close loopholes that allow criminals to move "dirty" money and goods with little scrutiny.

Two European Parliament committees — on civil liberties and economic affairs — said new definitions of "cash" would be drawn up to include gold, precious stones and metals, as well as anonymous prepaid electronic cards.

The new rules mean authorities will be able to seize cash and valuable items...
To view the full article, register now.