Taxation and Customs Union

Cash controls - 2016 New proposal

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

  • The measures will extend cash controls to unaccompanied cash such as cash sent in postal parcels or freight consignments and
  • To precious commodities such as gold, which serve as 'quasi-cash' and are used to circumvent the obligation to declare.
  • The proposed changes will improve the exchange of information between competent authorities at national level and between Member States
  • And allow them to act on amounts lower than the declaration threshold, provided that there are indications of criminal activity

Background documents: