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Europe Daily Bulletin No. 9718

6 August 2008
GENERAL NEWS / (eu) eu/taxation
Online form for travellers registering over €10,000 in cash

Brussels, 05/08/2008 (Agence Europe) - Since June 2007, EU legislation has required all travellers entering or leaving the EU with more than €10,000 on them in cash to register the money with the customs authority of the Member State where they cross the border between the EU and the outside world (see Europe 9446). The idea behind Regulation 1889/2005 is to combat money laundering and the funding of terrorism and organised crime and the duty to register big amounts also applies to shares...