THE EUROPEAN UNION INTRODUCES A SINGLE CASH TRANSACTION LIMIT STARTING IN 2027

The European Union has approved a unified maximum cash payment limit of €10,000, which will apply across all 27 EU member states under Regulation (EU) 2024/1624 aimed at combating money laundering and terrorist financing.

Key provisions:
• Starting from July 10, 2027, Regulation (EU) 2024/1624 will apply in all EU countries.
• Cash payments for goods and services will be limited to €10,000 — both in a single transaction and in related transactions.
• Member states may introduce stricter national limits (below €10,000), but are not allowed to set a higher threshold.
• The limit applies to cash payments; at the same time, customer identification requirements will be strengthened for large transactions (over €3,000).
• Enforcement will be carried out by the new EU Anti-Money Laundering Authority (AMLA), based in Frankfurt am Main; its mandate and structure are set by a separate Regulation (EU) 2024/1620 and will become fully effective together with the new regime in 2027.

Our team at FINANCEIQ HUB LTD is already preparing clients for the new requirements and changes in the EU financial environment. We offer effective solutions for companies that aim to operate legally and at scale.

Contact us today.