HALISTER1: Italian Bank Group Urges Considering Scrapping EU500 Banknotes

Italian Bank Group Urges Considering Scrapping EU500 Banknotes

(Bloomberg) -- ABI banking group chief Antonio Patuelli tells reporters in Rome that European Union financial institutions should consider taking EU500 banknotes out of circulation
  • Says EU500 banknotes “are an easy tool for money laundering”
  • NOTE: Feb. 15, ECB is considering the possibility of eliminating EU500 note to fight crime, president Mario Draghi said.
  • NOTE: Feb. 12, Eurogroup President Jeroen Dijsselbloem warned of risk that large notes can be used for terrorism financing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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2539Z GR (European Central Bank)

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Jeroen Dijsselbloem (Kingdom of the Netherlands)
Mario Draghi (European Central Bank)

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