Category Archives: Cash Limit

France for a lower liquidity limit in the EU

In mid-July, the European Commission called for tougher measures against money laundering. In addition to a new supervisory authority at EU level, the Brussels authority also has a cash limit of 10,000 euros in mind. Similar limits, in some cases significantly lower, already exist in the majority of Member States, but not in Austria or […]

A dedicated FIAU team to apply the € 10,000 cash limit rule

A dedicated team within the Maltese anti-money laundering unit, FIAU, is being set up to enforce a recently imposed limit of € 10,000 for cash transactions in large property. value. This limit, introduced in March, applies to real estate, antiques, jewelry, vehicles and works of art. During a press briefing on the unit’s work last […]

Malta imposes a limit of € 10,000 on the sale of goods and other valuables

It is now illegal for people in Malta to conduct cash transactions worth € 10,000 or more in transactions involving property and other valuables. In an attempt to crack down on money laundering, Malta issued a legal opinion yesterday, implementing cash restrictions which had been in the works for several years and which were announced […]

COVID-19: the SAQ will stop accepting cash, limit hours and customers in branches

MONTREAL – Quebec alcohol outlets are adopting new preventive measures to help stop the spread of COVID-19. SAQ branches will now open no earlier than 10 a.m. and close no later than 6 p.m. As a preventive hygiene measure, customers can no longer pay in cash. Only credit and debit cards are now accepted and […]

Government gives green light to $ 10,000 limit bill

The Senate Economic Legislation Committee recommended that the 2019 Currency (Restrictions on the Use of Cash) Bill be passed, subject to several recommendations, including a review of existing powers and penalty provisions for ensure that the bill is the “most effective response” to the black economy. The bill, which proposes to make cash payments in […]

Daily cash limit of Rs 2 lakhs! Lakshmi Vilas Bank launches Visa Signature card – All details here

Lakshmi Vilas Bank on Tuesday launched its latest product offering the VISA Signature card. The Signature Card was launched by S. Sundar, Acting Managing Director and CEO of Lakshmi Vilas Bank, as well as senior management at LVB Headquarters in Chennai. The Signature Debit Card will offer LVB Crown and Retail customers a whole new […]

Bettors Avoid Victoria’s Cash Limit Program For Slots

A Victorian government program that used voluntary loss limits in an attempt to minimize damage to poker machines was considered a failure, with negligible participation from bettors and some sites actively discouraging customers from using the program. A review of the YourPlay program by researchers at the University of Adelaide released on Friday evening found […]

CBDT Reduces Daily Cash Limit For Payments – Check Details

Rule 6ABBA is deemed to have been inserted from September 1, 2019, which mentions any digital or electronic payment method. The Central Council of Direct Taxes (CBDT) amended the Income Tax Rules, 1962, to reduce the cash payment limit for payments made to a person in one day. The 6DD Income Tax Rule which deals […]

Center relaxes cash limit for pilgrims visiting Kartarpur

The Center relaxed the monetary restriction on pilgrims visiting Gurdwara Darbar Sahib through the Kartarpur corridor. Previously, a maximum amount of Rs 11,000 could be carried by pilgrims. In accordance with the new electronic travel authorization issued by the Ministry of the Interior, pilgrims traveling to Pakistan can now take money up to Rs 25,000. […]

Government seeks to relax $ 10,000 cash limit amid backbench concerns

The Morrison government has sought to avoid internal and interbank anger over plans to ban cash payments of $ 10,000 or more, outlining a series of exclusions that it says will protect those who still wish to use banknotes and coins. cents. The rules governing the new laws regarding large cash payments make it clear […]