# Cash control (obligation to declare cash)

- Canonical URL: https://www.gerhardmerk.de/cash-control-obligation-to-declare-cash
- Post ID: 593424
- Modified: 2023-07-25T21:00:39+00:00
- Language: en

## Definition

Since June 15, 2007, it has been mandatory for travelers entering and leaving the European Union to declare cash - including precious metals - with a value of 10,000 euros or more to the customs office responsible for the border crossing. The basis for this requirement is the European Commission Regulation № 1889/2005; it serves to restrict money laundering. - See banknote value restriction, flight money, account disclosure, register money, terrorism financing. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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