The European Union is introducing sweeping new restrictions on cash payments and customer identification under its latest anti-money-laundering framework, Regulation (EU) 2024/1624, adopted in 2024 and set to apply from July 10, 2027. Beginning that date, businesses trading goods or providing services in the EU will be barred from accepting or making cash payments above […] The post Europe Moves to Standardize Cash Limits and ID Checks appeared first on the deep dive.
