Brussels, 26/07/2005 (Agence Europe) - On 26 July, the Commission proposed a regulation to reinforce controls on electronic transfers of money, and will thus implement recommendation number 7 of the Financial Action Task Force on Money Laundering (FATF). The availability of information on the identity of the ordering customer at the beneficiary establishment for a transfer is a new addition to this legislative proposal compared to the existing regulatory framework. The obligation that...