Taxation and customs union

Cash controls

Cash controls - New proposal

On 21 December 2016 the Commission proposed to extend the already existing controls on amounts of cash entering or leaving the Union equal to or in excess of 10.000 euros.

Find out more information on the new proposal.
 

 

Cash controls - Existing rules

 

what is cash what are the rules why this obligation who needs to declare

What is cash?

Cash is not only currency. There are other items that are considered cash

What are the rules?

If you plan to enter or leave the EU with € 10 000 or more in cash you must declare it to customs

Why this obligation?

It is part of the EU strategy to combat money laundering and to counter the financing of terrorism.

Who needs to declare?

Any person entering or leaving the EU with €10 000 or more in cash

how to declare

what if I don't declare what happens to my data information in your language

How to declare?

Most Member States use a harmonized declaration form that should be used.

What if I don't declare?

The cash can be detained or seized. National legislation sets penalties applicable in case of not declaring or falsely declaring.

What happens to my data?

Confidentiality of the data provided is guaranteed in order to protect your security hen carrying cash.

Information in your language

A leaflet provides information on the cash control rules in 15 widely spoken languages (6 EU and 9 non-EU languages).

 

Downloadable files


 

Useful links

EUROPA: Free circulation of Capital
European Commission: Secretariat General: Application of Community Law
European Commission: Economic and Financial Affairs
FAFT-GAFI: Financial Action Task Force on Money Laundering