„The new rules are part of the EU’s wider effort to crack down on money laundering and other financial crimes by making large transactions more transparent and easier for authorities to track.“
Mhm yes, I love governments being able to track transactions. I just feel so warm and fuzzy inside knowing my financial information is being further exposed to state actors! 🤭
m3L0veSt0nk5 on
Isint private commerce a human right
Frequent-Chain-6082 on
So, now when I make illegal payments with illegal money it will be forbidden? Gosh!
DonManuel on
> Private sales between individuals are excluded
>
> The rules do not apply in the same way to purely private transactions between individuals acting outside a professional or business context.
>
> That means the regulation is not banning cash payments altogether. Instead, it focuses on high-value commercial operations where authorities believe financial transparency is most important.
itinerantmarshmallow on
So when I pay my builder/tradesman in cash and he doesn’t declare it will be even more illegal? Oh no…
Bummer, we won’t be able to construct new buildings with cash coming in suitcases from the Netherlands every Friday anymore (true story, btw)! /s
CaucSaucer on
A whole lot of €9999 purchases coming out of the criminal world, while the rest of us wonder why banks suddenly start carrying strap-ons in addition to the other ways they’re already fucking us.
YouthEmpty5991 on
In France, the limit has been set at €1,000 for quite some time now 🤷♂️
Superb_Monkey on
I think we already had that limit since ages.
Shnorkylutyun on
And then they will find workarounds, like two months rent, after which it can be bought for 900.-
But buying a second hand car for 11k cash? Nope. Illegal.
JinxedBayblade on
Brussels, the friend and helper for anyone but EU tax payers
melancholy_dood on
> European institutions argue that large cash transactions remain one of the easiest ways to conceal illicit financial activity.
>By introducing a common ceiling across all EU countries, Brussels hopes to close gaps between national systems and make it harder for suspicious transactions to move across borders unnoticed. Authorities also believe the changes will strengthen efforts to combat money laundering, tax evasion, organised crime, and terrorist financing.
>In essence, the EU is not eliminating cash, but from summer 2027, using it for large commercial transactions without any formal traceability will no longer be possible anywhere in the bloc.
Something tells me this not going to have a significantly negative impact on “illicit financial activity”.
East_Refrigerator_63 on
No freedom of choice, classic EU.
swisscheez1 on
Happy to live in Switzerland where we have the freedom to pay in cash up to 100.000 CHF legally
WorkerPlayful4192 on
They just want all money to become digital. It’s more easy to control people.
Which will not happen because all of our politicians have money saved there
dedemdem on
We should be more angry about this, but we wont.
OnlyTwoThingsCertain on
The EU really hates business! Yes, even drugs and corruption are taxable business incomes!
Catatafish on
Nice to see East Germany 2.0
AsleepNinja on
This is not how money laundering works, or is stopped.
It’s just dumb.
Guyana-resp on
What a beautiful world. Privacy is dying quietly.
ImplementLogical4130 on
Pieces of shit
L_V_N on
This is very bothering due to how close some of Europe is to fascistic regimes and how easy it is for them to freeze accounts for unwanted minority groups. :/
xwolf360 on
But gold bars to leaders of certain countries are still valid right?
roderik35 on
That’s sociopathic tyranny. Politicians and the system hate people with money. They want to control them. Control them, tax them.
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27 Kommentare
How will the Germans buy cars now?
„The new rules are part of the EU’s wider effort to crack down on money laundering and other financial crimes by making large transactions more transparent and easier for authorities to track.“
Mhm yes, I love governments being able to track transactions. I just feel so warm and fuzzy inside knowing my financial information is being further exposed to state actors! 🤭
Isint private commerce a human right
So, now when I make illegal payments with illegal money it will be forbidden? Gosh!
> Private sales between individuals are excluded
>
> The rules do not apply in the same way to purely private transactions between individuals acting outside a professional or business context.
>
> That means the regulation is not banning cash payments altogether. Instead, it focuses on high-value commercial operations where authorities believe financial transparency is most important.
So when I pay my builder/tradesman in cash and he doesn’t declare it will be even more illegal? Oh no…
This has been news for quite a while btw : [https://businessplus.ie/news/acca-aml-rules/](https://businessplus.ie/news/acca-aml-rules/)
Bummer, we won’t be able to construct new buildings with cash coming in suitcases from the Netherlands every Friday anymore (true story, btw)! /s
A whole lot of €9999 purchases coming out of the criminal world, while the rest of us wonder why banks suddenly start carrying strap-ons in addition to the other ways they’re already fucking us.
In France, the limit has been set at €1,000 for quite some time now 🤷♂️
I think we already had that limit since ages.
And then they will find workarounds, like two months rent, after which it can be bought for 900.-
But buying a second hand car for 11k cash? Nope. Illegal.
Brussels, the friend and helper for anyone but EU tax payers
> European institutions argue that large cash transactions remain one of the easiest ways to conceal illicit financial activity.
>By introducing a common ceiling across all EU countries, Brussels hopes to close gaps between national systems and make it harder for suspicious transactions to move across borders unnoticed. Authorities also believe the changes will strengthen efforts to combat money laundering, tax evasion, organised crime, and terrorist financing.
>In essence, the EU is not eliminating cash, but from summer 2027, using it for large commercial transactions without any formal traceability will no longer be possible anywhere in the bloc.
Something tells me this not going to have a significantly negative impact on “illicit financial activity”.
No freedom of choice, classic EU.
Happy to live in Switzerland where we have the freedom to pay in cash up to 100.000 CHF legally
They just want all money to become digital. It’s more easy to control people.
Time to re read this gem….of how pointless all these bans are…..what is needed are more people analyzing transactions and a focus on tax havens….https://www.theguardian.com/books/2026/jan/24/everybody-loves-our-dollars-by-oliver-bullough-review-a-jaw-dropping-expose-of-money-laundering
Which will not happen because all of our politicians have money saved there
We should be more angry about this, but we wont.
The EU really hates business! Yes, even drugs and corruption are taxable business incomes!
Nice to see East Germany 2.0
This is not how money laundering works, or is stopped.
It’s just dumb.
What a beautiful world. Privacy is dying quietly.
Pieces of shit
This is very bothering due to how close some of Europe is to fascistic regimes and how easy it is for them to freeze accounts for unwanted minority groups. :/
But gold bars to leaders of certain countries are still valid right?
That’s sociopathic tyranny. Politicians and the system hate people with money. They want to control them. Control them, tax them.