Justice Department asks Supreme Court to reinstate anti-money laundering law

[DFW]

2. EU and Swiss companies must report this info about their trading partners

So we have provide this info every year dozens of times anyway. It doesn’t matter if the information has been the same for the last 25 years or not. It still has to be provided again fresh every year.

The EU people hate it because it costs time and effort to provide identical info year after year, and the EU governments are drowning in a sea of repeat identical files they don’t have the manpower to wade through. If there has been a change since the previous year, fine, but if not, “no change since 2009” would save a lot of time, since 2009 is on file and at their immediate disposition. But European bureaucrats love their paperwork. To them, it’s, “why have one copy when you can have fifteen?”