Tag: cash limit
A cash cap is the wrong way to fight money laundering
Action against money laundering An activist from the Finanzwende citizens’ movement protested in front of the Treasury Ministry in August demanding stronger crackdowns on financial crime. (Photo: dpa) If the…
Federal states disagree on cash limit of 10,000 euros
Berlin In the debate about a possible limit of cash payments to 10,000 euros, the federal states are at odds. While Bavaria rejects a corresponding initiative by Federal Interior Minister…
EU limit of 10,000 euros is getting closer
Christian Lindner The German Finance Minister is skeptical about the planned cash limit of 10,000 euros – but can hardly prevent it in Brussels. (Photo: dpa) Berlin A cap on…
Consumer advocates criticize the Interior Minister’s initiative
Euro bills Large sums of illegal origin are smuggled into the regular economy every year. Interior Minister Faeser now wants to make money laundering more difficult with a cash payment…
Interior Minister Faeser wants to intensify the fight against money laundering
Berlin Federal Interior Minister Nancy Faeser (SPD) has announced a tougher approach to combating organized crime. “I support the introduction of a general cash limit of 10,000 euros,” said Faeser…
Faeser specifies traffic light plans against money laundering
Berlin Federal Interior Minister Nancy Faeser (SPD) has announced a tougher approach to combating organized crime. “I support the introduction of a general cash limit of 10,000 euros,” said Faeser…