EU Lawmakers To Step Up Fight Against Non-Cash Fraud
Law360, London (December 12, 2018, 12:36 PM GMT) -- European lawmakers have reached a political agreement to strengthen the rules for combatting fraud and counterfeiting of non-cash payments such as credit cards and virtual currencies across the bloc.
The European Council and Parliament negotiators agreed a deal on Tuesday that will allow them to introduce tougher penalties for online offenses across the European Union. It is only a provisional political agreement, however, and will have to be confirmed by the two institutions.
The proposed directive will encompass not only traditional non-cash payments such as bank cards or checks but also new ways of making payments that have boomed in popularity...
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