Brussels, 29/01/2016 (Agence Europe) - On Tuesday 2 February, the European Commission will unveil stricter rules for the sale of prepaid cards as part of its strategy to combat the financing of terrorism (see EUROPE 11469).
We understand that the Commission is considering changing the anti-money laundering directive to introduce “know you customer rules” for prepaid cards, inspired by existing rules in the United Kingdom. Anybody wishing to buy a prepaid card and wanting to activate it...