The European Union is preparing one of its biggest anti-money laundering reforms in years. Starting in July 2027, the new Anti-Money Laundering Regulation (EU) 2024/1624 will introduce stricter controls on cash payments, cryptocurrency transactions, and several high-risk industries.

The goal is to create a single rulebook across all EU member states and make it harder for criminals to move money through traditional finance or digital assets.

EU Introduces €10,000 Cash Payment Limit

One of the most significant changes is a bloc-wide limit on large cash transactions.

Under the new regulation, businesses will no longer be allowed to accept commercial cash payments above €10,000. While some EU countries already have their own cash…