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Image header Agence Europe
Europe Daily Bulletin No. 12032
Contents Publication in full By article 22 / 31
COURT OF JUSTICE OF THE EU / Finance

Court clarifies level of sanction applicable in event of infringement of obligation to declare sums of cash leaving the EU

The member states cannot make provision for failures to abide by the obligation to declare large sums of cash entering or leaving their territory to be fined at a level of up to twice the undeclared amount, the Court of Justice of the EU ruled in a judgement returned on Thursday 31 May (case C-190/17).

In 2014, Chinese national Lu Zheng registered his luggage at Gran Canaria airport (Spain) for a flight to Hong Kong (China), stopping in Madrid (Spain) and Amsterdam (Netherlands). In Madrid,...

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