The European Commission is proposing a raft of measures – from closer monitoring of bitcoin and cash transactions to the creation of national payment account registers – as part of an action plan to strengthen the fight against terrorist financing.
European Commission will propose a number of targeted amendments to the Fourth Anti-Money Laundering Directive at the latest by the end of the second quarter of 2016, in the following areas:
Presenting the new plans to update EU rules to tackle emerging threats to national security, vice president Valdis Dombrovskis, says: „We want to improve the oversight of the many financial means used by terrorists, from cash and cultural artefacts to virtual currencies and anonymous pre-paid cards, while avoiding unnecessary obstacles to the functioning of payments and financial markets for ordinary, law-abiding citizens.”
In particular, the Fourth Anti-Money Laundering Directive, introduced just last year, will be the subject of a number of amendments to be rushed through by the summer.
Under the new regime, bitcoin exchanges will have to comply with tougher money laundering regulations, applying customer due diligence checking and ending the anonymity associated with such exchanges.
The use of cash is also under scrutiny. Under a legislative proposal on illicit cash movements, the Commission intends to extend the scope of the existing regulation to include cash shipped by freight or post and to allow authorities to act upon lower amounts of cash where there are suspicions of illicit activity.
„O singură provizie am făcut, de card, pentru că nu mai umblu cu banii în buzunar. Banii sunt cei mai periculoși când este vorba de răspândirea unei molimi. Am renunțat la cash. În rest, este o prostie să faci provizii. Dacă vine o molimă și nici nu știi când va ajunge, dacă ar fi să se întindă, pe cât timp să poți să faci provizii? Faci provizii pe trei săptămâni, pe patru săptămâni și mai departe?”, a spus consultantul.