Firms’ fury at laws to curb money laundering

RETAIL stores, builders and garages are among businesses to be hit by tough EU money laundering laws agreed yesterday.

Firms’ fury at laws to curb money laundering

The directive means all businesses dealing in single or linked cash payments of more than €15,000 will have to disclose suspicious transactions to authorities.

Small businesses said the law would put them in an “intolerable” situation.

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