Greece Gazettes Law Transposing EU Anti-Money Laundering, Counter-Terrorist Financing Directive

The Greek Official Gazette Oct. 8 published Law No. 4734, transposing an EU directive on anti-money laundering and counter-terrorist financing. The law includes measures: 1) allowing public access to the central register of beneficial owners; 2) requiring registration by digital currency and wallet service providers, with supervision provisions; 3) setting a monetary limit on prepaid card transactions; 4) setting safeguards for transactions to and from high-risk third countries, as defined by the European Commission; 5) establishing a centrally automated payment account system facilitating electronic access to account holder information; 6) providing due diligence obligations, including documentation and information maintenance requirements; ...