Integration and Single Euro Payments Area: Difference between pages

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''Money laundering.''
(SEPA). The area where businesses and individuals will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location. 


The conversion of laundered money into assets which have the appearance of having been legitimately acquired.
SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards framework. It covers 32 countries including the European Union Member States plus Iceland, Norway, Liechtenstein, Switzerland and Monaco.


This is a common third stage of money laundering, following 'placement' and 'layering'.
== See also ==
* [[EC Directive 2007/64/EC]]
* [[European Payments Council ]]
* [[European Union ]]
* [[SEPA credit transfer]]
* [[SEPA direct debit]]


== See also ==
* [[Layering]]
* [[Placement]]

Revision as of 14:20, 23 October 2012

(SEPA). The area where businesses and individuals will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location.

SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards framework. It covers 32 countries including the European Union Member States plus Iceland, Norway, Liechtenstein, Switzerland and Monaco.

See also