AWDC helpdesk for new European cash limit!

May 04, 2024

ilustrative 1

Antwerp World Diamond Centre (AWDC) open compliance helpdesk, draw the attention to the New European cash limit! The European Union has decided on a maximum (no minimum) cash limit of 10.000 EUR in every EU member state. Some member states had no cash limit whatsoever or a much higher limit than 10.000 EUR. EU member states can of course still apply a lower limit than 10.000 EUR.

For Belgium, the cash limit remains 3.000 EUR since it complies with the maximum limit of 10.000 EUR. This measure improves the level playing field of Belgian traders in the European Union.

This would be much interested to know for diamond players that, the European Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing.

The new laws ensure that people with a legitimate interest, including journalists, media professionals, civil society organisations, competent authorities, and supervisory bodies, will have immediate, unfiltered, direct and free access to beneficial ownership information held in national registries and interconnected at EU level. In addition to current information, the registries will also include data going back at least five years.

The laws also give Financial Intelligence Units (FIUs) more powers to analyse and detect money laundering and terrorist financing cases as well as to suspend suspicious transactions.

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
98,095
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

The Exhibitors Catalogue of JGTD 2025 is online!
Be among the first to discover the key players of the fourth edition.
👉
https://exhibitors.jgtdubaijewelleryshow.com/exhibitors-list-page?utm_source=link&utm_medium=social&utm_campaign=HZ_jgtd25

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

The man. The myth. The legend. Immortalized in platinum—rare, resilient & timeless.
The MS Dhoni Signature Edition by Men of Platinum is a tribute to his legacy.
Explore: http://www.menofplatinum.com
#MSDhoni #MenofPlatinum #PlatinumJewellery #MSDhoniSignatureEdition

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of