The aim of the measure – on top of a commission charged by banks on the exchange of 500-euro banknotes with smaller ones – is to prevent money laundering, which experts believe to be behind demands by certain bank clients to exchange bills of high denomination .... http://www.zerohedge.com
Monday, March 21, 2016
Greece Orders Banks To Record "Personal Data" On Anyone Who Was Hoarding Cash
Commercial banks are being ordered to note the personal data and transaction history of clients who exchange 500-euro notes, along with cross-checking the details recorded with other transactions by those customers, according to a circular issued by the Bank of Greece.
The aim of the measure – on top of a commission charged by banks on the exchange of 500-euro banknotes with smaller ones – is to prevent money laundering, which experts believe to be behind demands by certain bank clients to exchange bills of high denomination .... http://www.zerohedge.com
The aim of the measure – on top of a commission charged by banks on the exchange of 500-euro banknotes with smaller ones – is to prevent money laundering, which experts believe to be behind demands by certain bank clients to exchange bills of high denomination .... http://www.zerohedge.com
