A news release on 2nd October reported that EU finance ministers formally adopted reinforced rules to control illicit cash flows in and out of the EU, a key measure in the fight against the financing of terrorism. This will tighten cash controls on people entering and leaving the EU (which includes travelling to/from the isle of Man and Channel Islands, and after Brexit the UK too, presumably) with €10,000 or more in cash, enable authorities to act on amounts lower than the declaration threshold of €10,000 where there are suspicions of criminal activity and extend customs controls to cash sent in postal parcels or freight shipments, to prepaid cards and to precious commodities such as gold. Once the European Parliament has also ratified the agreed rules, the legislation will be published in the Official Journal and will enter into force 20 days later.
http://europa.eu/rapid/press-release_IP-18-5966_en.htm
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