Sports EU plans ban on cash from certain sum
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In the future, the card must probably be pressed, you want to make a payment of at least 10,000 euros. The EU Commission wants to set a corresponding upper limit.
added, most people will not hurt this upper limit. Because who already pays his 10,000 euro purchases in cash?upper limit for cash payments
In July, the EU Commission intends to introduce a legislative proposal to which it should no longer be possible to make cash payments of more than 10,000 euros. "To carry so much money into the pockets is quite difficult. Most people do not do that," says Financial Market Commissarin Mairead McGuinness in the.
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In Germany, there is currently no upper limit for cash payments. Unlike, for example, in France, where sums of more than 1,000 euros can not be made with cash. In Greece you have to use even from 500 euros to a card or bank transfer.
The planned law should guarantee uniformity in the EU. Unity, but the cash payments of more than 10,000 euros but not completely prohibited: Who can be identified and can store his data from the recipient, may continue to pay with a suitcase full of money.fight against money laundering
The aim of the planned EU law is the fight against money laundering. The establishment of a new authority should also drive this fight. "It will have many powers and monitor the anti-money laundering policy of certain large banks directly," explains McGuinness.
closely with money laundering is the financing of terrorist organization. This problem should also counteract the law as well as the new authority.
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