Cash payments above €3000 to be outlawed in Netherlands
rijksoverheid.nl
Cash payments above €3000 to be outlawed in Netherlands
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Re: Cash payments above €3000 to be outlawed in Netherlands
#2Re: Cash payments above €3000 to be outlawed in Netherlands
#3Re: Cash payments above €3000 to be outlawed in Netherlands
#4# What is the maximum amount I can pay in cash?
At this time, you may pay for all purchases in cash. For cash purchases above € 10,000, the seller must conduct a customer due diligence. But not all sellers accept cash. The cabinet is working on a bill to ban cash payments from € 3,000.
## Pay for purchases in cash
At this time, you may pay for all purchases in cash. It doesn't matter how high the amount is. A seller can decide not to accept cash above a certain amount. Or at all [no cash to be accepted](https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-...).
## Customer research for purchases above € 10,000
Do you make a purchase that costs more than € 10,000 and do you pay in cash? Then the seller must conduct a [client investigation](https://www.rijksoverheid.nl/onderwerpen/financiele-sector/a...). This check is mandatory to prevent money laundering and terrorist financing.
## Bill on cash payments up to € 3,000
There is a [legislative proposal in the making to prohibit cash payments from € 3,000](https://www.tweedekamer.nl/kamerstukken/wetsvoorstellen/deta...). This applies to all buyers and sellers of goods. When the new law comes into effect, you may no longer pay for purchases from € 3,000 in cash.
Re: Cash payments above €3000 to be outlawed in Netherlands
#5Re: Cash payments above €3000 to be outlawed in Netherlands
#6Re: Cash payments above €3000 to be outlawed in Netherlands
#7Can't read Dutch, but I'm pretty sure there is a version of "muh' terrorism!" in there.
"Money Laundering Action Plan Act
Amendment of the Money Laundering and Terrorist Financing Prevention Act in connection with the ban on cash payments for goods from 3,000 euros and the expansion of the options for information exchange for the gatekeeper function."
From https://www.tweedekamer.nl/kamerstukken/wetsvoorstellen/deta..., translated by Chrome/Google Translate.
Re: Cash payments above €3000 to be outlawed in Netherlands
#8Can't read Dutch, but I'm pretty sure there is a version of "muh' terrorism!" in there.
Re: Cash payments above €3000 to be outlawed in Netherlands
#9Can't read Dutch, but I'm pretty sure there is a version of "muh' terrorism!" in there.
> Amendment of the Money Laundering and Terrorist Financing Prevention Act in connection with the prohibition of cash payments for goods from 3,000 euros and the expansion of the possibilities for information exchange for the gatekeeper function.
> https://www.tweedekamer.nl/kamerstukken/wetsvoorstellen/deta...
Yup. Another anti-terrorism bill aimed at the general populace, instead of terrorists.
Re: Cash payments above €3000 to be outlawed in Netherlands
#10The equivalent of 3,000 - 4,000 Euro seems to be the norm.