EU: New Rules on Cash Movement
The Commission has announced new rules in the area of cash movement into and outside the EU, as part of its measures to combat money laundering and terrorist financing. The new rules involve travellers declaring cash of €10,000 or more. The new measures came into force on 15 June.
The Irish Revenue have published details on the new rules, which are available at http://www.revenue.ie/index.htm?/services/customs/ce_cash_controls.htm.
HMRC have published details on the new rules, which are available at http://www.gnn.gov.uk/content/detail.asp?ReleaseID=291847&NewsAreaID=2&NavigatedFromSearch=True.