Cash Control Report in 2007–2009

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From 15 June 2007 all travellers entering or leaving the EU with € 10 000 or more in cash or its equivalent in other currencies or easily convertible assets (e. g. bonds, shares, traveller’s cheques) must declare the sum to the Customs.

On 17 September 2010 the European Commission published the report on the implementation of the EU Cash Control Regulation. Between mid-2007 and mid-2009, the EU Customs collected 178 351 cash declarations in total value of almost €80 billion.

 

From 15 June 2007 all travellers entering or leaving the EU with € 10 000 or more in cash or its equivalent in other currencies or easily convertible assets (e. g. bonds, shares, traveller’s cheques) must declare the sum to the Customs.

 

Data from suspicious cash declarations is made available to the national Financial Intelligence Units that collect, analyse and investigate all data received to prevent money laundering. The information from the Cash Controls Regulation, along with data gathered on the basis of other legislation, helps to establish links between certain financial transactions and illegal activities.

 

Between mid-2007 and mid-2009, the Customs Administration of the Republic of Slovenia collected 1750 declarations in total value of more than €3 billion.