NETHERLANDS PLAN TO BAN CASH PAYMENTS OVER €3,000

On 1st July, NL Times reported that the ministers of finance and security have submitted proposals to parliament to ban cash payments of over €3,000, and to withdraw €500 banknotes.  The government is also said to be considering creating a “black list” where banks can register clients that they suspect are involved in money laundering.

https://nltimes.nl/2019/07/01/dutch-govt-ban-cash-payments-eu3000-fight-money-laundering

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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