The European Parliament is reviewing a suggestion by its policy department that money remitters be barred from operating in the European Union to prevent funds from reaching terrorists, a lawmaker told ACAMS moneylaundering.com. In a 29-page report last month, the European Parliament's policy department raised the question of whether or not firms like MoneyGram or Western Union should be "prevented from functioning" in the European Union or continue being leveraged for intelligence on potentially illicit money transfers. "I've talked to several authorities, including those very much involved in the fight against money laundering, who are very concerned about the role...
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