Home / Top Story / EU reveals plan to stop flow of money for terror groups

EU reveals plan to stop flow of money for terror groups

CHRISTOPHE PETIT TESSON/EPA

People gather in Paris to honor the victims of the terror attacks that rocked the city in November.

BRUSSELS — The European Union has unveiled new measures to curb the financing of extremist groups amid calls for more action following last year’s attacks in Paris.

The proposals made public Tuesday aim to track extremists as they move money or assets and limit their ability to raise funds by targeting their sources of income.

BRITISH MOM SENTENCED TO 6 YEARS IN PRISON AFTER FOUND GUILTY OF JOINING ISIS

The plan would oblige EU financial institutions to carry out compulsory checks on money flows from countries with doubtful records on money-laundering and extremist financing.

It would boost intelligence-sharing among EU finance experts and give them more access to bank and payment data.

Virtual money like bitcoins would come under scrutiny when exchanged for real currencies, and limits would be imposed on anonymous transactions with pre-paid cash cards.

Nation / World – NY Daily News

Twitter Auto Publish Powered By : XYZScripts.com
Read previous post:
Did Ariana Grande Just Tease A Song Off Her New Album?! Listen For Yourself!

We seriously cannot wait for Ariana Grande's third album! And it looks like the pint-sized pop princess knows her fans...

Close