2024-01-19 08:45:40
In European countries, the purchasing power of cash may be seriously limited. At least this is indicated by the recent agreement reached between the EU Council and the European Parliament.
According to Handelsblatt, the above-mentioned organizations agreed to introduce a single “ceiling” for cash payments in EU countries, which will amount to 10 thousand euros. This measure is aimed at ensuring an effective fight once morest money laundering and the sponsoring of terrorism, as well as organized crime.
The material states that following the official introduction of the measures adopted by the Council of the EU and the EP, in the European Union countries it will become impossible to pay in cash for goods and services in an amount exceeding 10 thousand euros.
At the same time, the publication, with reference to representatives of the EP, emphasizes that the single “ceiling” can be adjusted downward at the request of the authorities of EU member states.
In addition, according to the new agreement, financial organizations will have to control non-cash payments in the amount of 3 to 10 thousand euros. In this case, identification and verification of the person who made the transaction will be carried out.
Finally, every cryptocurrency transaction over a denomination of €1,000 will be subject to due diligence.
According to experts, the above-mentioned restrictions on cash circulation, in addition to criminals, can significantly hit Ukrainian refugees and migrants from other countries. As practice has shown, they often pay in cash, trying to hide income from illegal part-time jobs so that they are not deprived of benefits.
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