EU CONTROL OF MONEY

29/12-2016

 EU  has suggested tightening the control over financial transmission over our borders due to EU:s ”figth against terrorism”.

MONEY CONTROL. EU-commission wants to tighten the rules regarding money and precious metals. They use the terroristattack in Germany as a reason why. EU wants to tighten the rules against transportation of money and precious metals when these comes to EU. The reason is that they wants to ”shut down the funding of militant attacks in EU.”

If this proposal passes then the EU-countries kan tighten the control regarding cash and prepaid cards that is being sent via post or shipping. EU wants that the authorities can seize cash or precious metals that is owned by ”suspicious individiuals” that is arraving to a EU-country. If you enter an EU-country and have over 10 000 euros with you, you have to declare this at the customs. The new rules from the EU-commission involves that authorities can seize cash that is below that sum if there is ”suspicions of criminal acticvity”.

FREEZING OUR FINANCIAL RESOURCES

EU-represants has said that the latest terroristattacks in Europe has been done with limitied resources thas has been sent from criminal networks outside EU. EU also plans to put up a ”Terrorist finance tracking program” like they have with USA (TFTP).

EU Security commissioner Julian King says:

”There are many ways to transport money and all these ways are not included in the EU-US system”.

EU-commission also suggests rules for all EU-countries that will freeze terrorists financial resources and seize those assets that they consider belong to criminal allies. Brussel also wants common rules on moneylaundring so that criminals won’t exploit different rules inside EU-countries.  Intelligence agencies inside EU-countries will be able to exchange information more efficient. This has to be passed by EU:s memberstates and the EU-parliament to become a law. EU-commission also wants tighten control on virtual currencies like bitcoin and prepaid cards. French authorities says that this kind of means was used in Parisattacks (without proof of course).The person who owns a prepaid card must show id if there is more than 150 euro on the card. All EU-states has backed this proposal.

 

Reference

Reuters: EU and money control

Kommentera

Denna webbplats använder Akismet för att minska skräppost. Lär dig hur din kommentardata bearbetas.