CASE COMMENTS: REGULATION – BANKS – MONEY LAUNDERING – DUE DILIGENCE MEASURES

Financial markets: The Court of Justice of the European Union confirms that banks may adopt due diligence measures to fight against money laundering (Safe Interenvíos)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In a judgment of 10 March 2016, the EU Court of Justice clarified that banks may adopt vigilance measures to combat money laundering, in accordance with the provisions of two directives. On the one hand, Directive 2005/60/EC of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing; on the other hand, Directive 2007/64/EC of 13 November 2007 on payment

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  • University Paris II Panthéon‑Assas

Quotation

Francesco Martucci, Financial markets: The Court of Justice of the European Union confirms that banks may adopt due diligence measures to fight against money laundering (Safe Interenvíos), 10 March 2016, Concurrences N° 2-2016, Art. N° 79063, pp. 199-200

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