EU Cuts Cash Payments to €10,000 Under New AML Rules

The European Union has introduced new anti-money laundering (AML) regulations that will limit cash payments to €10,000 from July 2027. The regulation aims to curb illicit finance by harmonizing cash transaction limits across the EU.

Cash transactions exceeding €10,000 will no longer be permitted in the EU under the new AML rules. However, member states can maintain stricter national rules if needed.

The regulation also introduces sweeping changes for crypto and other high-risk sectors. Crypto-asset service providers (CASPs) must perform full customer due diligence for any occasional crypto transaction of €1,000 or more. Anonymous crypto accounts are explicitly banned.