Greek Banks to Record Clients Changing EU500 Notes: Kathimerini
Source: BFW (Bloomberg First Word)
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2539Z GR (European Central Bank)
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UUID: 7947283
(Bloomberg) -- Lenders to keep records of clients changing EU500 notes for lower denominations following instructions from Bank of Greece, Kathimerini reports, w/o citing anyone.
Alert: HALISTER1- Instructions are result of money-laundering concerns
- Greek banks charge 0.1% commission to exchange EU500 notes; min. commission EU3, max. EU250
- No commission if clients deposit EU500 notes to their bank accounts
- Banks also asked to cross-check other transactions of clients asking to change EU500 notes to avert money- laundering, tax evasion
- NOTE: March 8, Here’s Exhibit A for ECB’s Mersch on Those 500-Euro Notes
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
To de-activate this alert, click here
UUID: 7947283