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Combating Non-Cash Payment Fraud

Summary

A proposal to modernize EU laws against non-cash payment fraud, including virtual currencies, while strengthening victim support and cross-border police cooperation.
10 10.05.2019
Other
economy
criminal law
social policy
european union
public administration
financial institutions and credit
information technology and data processing

Key points

  • The directive updates the definition of payment instruments to include modern technologies like electronic money and virtual currencies.
  • Criminal penalties are increased, with higher maximum prison sentences for serious fraud and organized crime.
  • National authorities must respond to urgent cross-border requests for assistance within a two-hour window.
  • Victims of fraud are entitled to specialized support, including psychological help and access to legal aid.
Documents (PDFs)
REPORT on the proposal for a directive of the European Parliament and of the Council on combating fraud and counterfeiting of non-cash means of payment and replacing Council Framework Decision 2001/413/JHA Combating fraud and counterfeiting of non-cash means of payment ***I
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