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EU AML/CFT requirements for cash transactions

Under the new AMI/CFT regulatory framework, current EU members know the risks posed by payments using large amounts of cash to trade goods. In his case, we are referring to cash payments above EUR 10.000 to apply strict AML requirements. The European Parliament introduced at the EU level a maximum large cash transaction of EUR 7.000 and EUR 1 000 for crypto-assets transfers, where the customer cannot be identified.

According to the new adopted text by the European Parliament on March 3rd, 2023, banks, assets and crypto-assets, real estate agents, high-level football clubs, and others will be required to verify their customer's identity. They will have to transfer the details to a central register.

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About the course

Our EU AMI/CFT requirements for cash transactions training program for AML experts, compliance officers, or financial experts will help your organization with AMI/CFT and other related European regulations in line with the global crackdown trend on money laundering.

Our training program will directly help your organization move forward with AMI/CFT requirements.

Program

International and EU regulatory framework for cash and crypto-assets transactions
Prevention of money-laundering requirements in the EU for cash transactions
Scope and jurisdiction
The central register
End of cash and Central Bank Digital Currencies (CBDCs)

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Get free support from some of the best management consultants, lawyers and ex-Supervisors specialized in Banking & Financial Regulations in the world.

Improve the growth & efficiency of your organization by leveraging Compliance’s solutions and toolkits by Tier 1 consultants, lawyers and ex-Supervisors.

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Curriculum

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EU AML/CFT requirements for cash transactions
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  EU AML/CFT requirements for cash transactions

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