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21. Limitations on cash payments

The limitation on cash payments has been installed in the anti-money laundering legislation[1]. The limit on cash payments does not apply in case of payment by bank transfer, bank card or bank cheque.  

It’s important to note that the term ‘cash’ doesn’t only cover banknotes and coins, it also covers cheques, promissory notes, money orders, negotiable instruments etc.[2]

In this section:

‘Wet van 11 januari 1993 tot voorkoming van het gebruik van het financiële stelsel voor het witwassen van geld en de financiering van terrorisme’, B.S. (Official Belgian Gazette) 9.02.1993 

Article 3 Regulation (EC) No 1889/2005 of the European Parliament and of the Council of 26 October 2005 on controls of cash entering or leaving the Community. 


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