Cars, funerals and home improvements: EU to crack down on large cash payments | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Cars, funerals and home improvements: EU to crack down on large cash payments

Cash payments over €10,000 for transactions such as car purchases, home improvements or funeral bills will be banned under EU rules expected to come into force within three years.

The EU legislation is being considered in an attempt to clamp down on cross-border money laundering on a wider European basis.

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