The 500 euro note, one of the largest denomination notes in the world, is being pulled from distribution in the United Kingdom.

They are known in some countries as “bin Ladens” – the bank note everyone knows exists, but few people other than criminals will ever see.

The decision comes after police linked 90 per cent of these notes in circulation to crime, tax evasion and terrorism.

The UK’s Serious Organised Crime Agency (SOCA), which has been studying currency trading, has concluded the 500 euro note is at the heart of money laundering because it is so easy to move.


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