Source: European Parliament
11.10.2024
Question for written answer E-002032/2024
to the Commission
Rule 144
Anna Bryłka (PfE)
The Regulation of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing establishes that cash payments will be subject to an EU-wide cap of EUR 10 000 to make it harder for criminals to launder dirty money. Member States will have the freedom to lower the threshold, if they wish. Under recital 161, the regulation states that ‘the limit should not apply to payments between natural persons who are not acting in a professional capacity’ and that ‘payments or deposits made at the premises of credit institutions, payment institutions or electronic money institutions should also be exempted from the application of the limit’.
Could the Commission clarify what is meant by ‘not acting in a professional capacity’ and ‘credit institutions, payment institutions or electronic money institutions’, and give practical examples?
Submitted: 11.10.2024