Financial Times FT.com

Money-laundering measures cause hardship for the law-abiding and fail to catch the terrorists

By Theresa Villiers

Published: December 9 2004 02:00 | Last updated: December 9 2004 02:00

From Theresa Villiers MEP.

Sir, European Union finance ministers reached agreement this week in Brussels on new EU rules on money laundering. Existing money-laundering laws are providing serious headaches, not just for bankers, accountants and lawyers, but for their customers as well. Few of your readers will have been able to escape demands for passports, utility bills and so on just to open a bank account.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this