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January 2018

Limitations of Cash Payment Limitations

Nikos Passas's picture
Back in March 2017, the European Union Commission announced a public consultation about a possible introduction of cash payment limitations (CPL). This follows the adoption of an action plan dated 2.2.2016 “against the financing of terrorism”. This action plan suggests that because “payments in cash are widely used in the financing of terrorist activities” we should explore “the relevance of potential upper limits to cash payments”.