Money laundering through money remittance ... - Council of Europe

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2010 - Money Laundering through Money Remittance and Currency Exchange Providers Country 35 Threshold (CE) Threshold (MR) Moldova MDL 50 000 (appr. EUR 3 500) MDL 50 000 (appr. EUR 3 500) for cash transfers and MDL 15 000 (appr. EUR 1 000) for electronic and wire transfers Monaco No threshold mandatory No threshold mandatory Netherlands No threshold mandatory No threshold mandatory Poland EUR 15 000 EUR 1 000 Romania No threshold mandatory No threshold mandatory San Marino EUR 15 000 EUR 15 000 Serbia EUR 15 000 EUR 15 000 Slovakia EUR 1 000 EUR 2 000 Spain No threshold mandatory No threshold mandatory Sweden EUR 15 000 EUR 1 000 “The former Yugoslav Republic of Macedonia” 68 - © 2010 MONEYVAL and FATF/OECD EUR 2 500 EUR 2 500 Turkey TRY 2 000 (appr. EUR 948) for wire transfers; TRY 20 000 (appr. EUR 9480) for cash transactions 39 Mandatory when establishing the business relationships; TRY 2 000 (appr. EUR 948) for wire transfers; TRY 20 000 (appr. EUR 9480) for cash transactions Ukraine No threshold 40 UAH 5 000 (appr. EUR 434) United Kingdom EUR 15 000 No threshold mandatory United States USD 1 000 (appr. EUR 696) USD 3 000 (appr. EUR 2086) 39 Mandatory when establishing the business relationships. 40 Except for banks that may not identify their customers if the financial transaction is conducted to the amount of UAH 50 000 (USD 6 250) without opening an account.
Money Laundering through Money Remittance and Currency Exchange Providers - 2010 Table 7- Regulatory framework for CE service providers in contributing jurisdictions Country Licensing/registration Licensing institution Authority responsible for registration Limited for the certain time period/needs updating? Albania Yes (licensing) Central Bank NA Argentine Yes (licensing) Central Bank NA Armenia Yes (licensing) NA No Austria Not applicable as only banks provide money exchange Bulgaria Yes (registering) National Revenue Agency NA Chile 41 Yes (registering) FIU NA Croatia Yes (licensing) Central Bank NA Cyprus Not applicable as only banks provide money exchange Denmark Yes (registering) Danish Commerce and Companies Agency Estonia Yes (registering) Ministry of Economic Affairs and Communications Finland Legal requirement for licensing/registration in place but not yet implemented France Yes (registering) Central Bank NA Georgia Yes (registering) Georgian Financial Supervisory Authority Germany Yes (licensing) NA NA Greece Yes Bank of Greece NA Hong Kong, China Yes (registering) FIU NA Italy Yes (registering) Central Bank NA Japan No NA Latvia Yes (licensing) Central Bank NA Liechtenstein Not applicable as only banks provide money exchange Lithuania Yes (licensing) Central Bank NA Macau, China Yes (registering) Monetary Authority of Macau Malta Yes (licensing) Malta Financial Services Authority Mexico Yes (licensing) Yes (registering) 41 No registration/licensing required at country level. Ministry of Finance and Public Credit Tax Administration Service NA NA NA NA NA NA © 2011 MONEYVAL and FATF/OECD - 69
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Country N° of MR providers Country
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Money laundering through money remittance ... - Council of Europe

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