Suche
Mein Konto
European Parliament decides to ban cash payments over 10,000 euros
The EU Parliament decides on a ban on cash payments over 10,000 euros to combat money laundering. New rules for luxury goods and banking transactions by the super-rich. Including strict monitoring by anti-money laundering agency Amla.
European Parliament decides to ban cash payments over 10,000 euros
The European Parliament will decide on Wednesday in Strasbourg on the introduction of a ban on cash payments for amounts over 10,000 euros. This measure is part of a broader action plan to combat money laundering within the EU. The aim is to close existing loopholes in national laws and thus increase the effectiveness of the fight against money laundering. In addition, luxury goods retailers must verify the identity of their customers and report suspicious transactions to the authorities.
The new rules will also affect trade in high-priced goods such as jewelry, luxury cars, private planes and ships. In addition, it is planned to tighten the monitoring of cryptocurrencies and banking transactions of people with assets of at least 50 million euros. These measures aim to identify and prevent potential channels for money laundering.
An important part of the action plan is the creation of the new European Anti Money Laundering Authority (AMLA), based in Frankfurt am Main. This authority will be responsible for monitoring and enforcing money laundering rules within the EU to ensure a coordinated response to financial crime. The establishment of the Amla marks a significant step towards a more effective fight against money laundering at EU level.