On 1st July, NL Times reported that the ministers of finance and security have submitted proposals to parliament to ban cash payments of over €3,000, and to withdraw €500 banknotes.  The government is also said to be considering creating a “black list” where banks can register clients that they suspect are involved in money laundering.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: