CEPS © 2019

Banking fragility rooted in justice failures Evidence from Ukraine
CEPS Project

EU Initiative on Restrictions on Payments in Cash to Combat the Financing of Terrorism

Evaluation of the Existing National Policies in the Context of the Preparation for an Impact Assessment Regarding Possible Options for a Future EU Initiative

Units Involved

Financial Markets and Institutions
Economic Policy
GRID

01 July 2017 / 31 January 2018

This report presents the assessment of the impacts of a potential EU measure on cash payment restrictions (either a prohibition or a declaration obligation). Impacts are estimated across categories ranging from terrorist financing, money laundering to tax evasion, and distortions in the Internal Market. Even though an effort is made to quantify impacts, obviously not all impacts can be fully quantified because of data limitations. In those cases where this was not possible, the direction of impacts is as much as possible evidenced and made plausible by data, which is available.
In the course of this study, we have consulted a wide range of stakeholders. We would like to thank them for their valuable insights in the matter. It should be noted that the findings in this report represent the analysis and assessment by the team of consultants and does not represent in any form a position of the European Commission. Furthermore, as the report looks at the impacts of a potential EU measure on cash payment restrictions, it does not deal with the legal feasibility of any such measure.

CEPS Project

Project Details

Financial Markets and Institutions / Economic Policy / GRID


EU Initiative on Restrictions on Payments in Cash to Combat the Financing of Terrorism

Evaluation of the Existing National Policies in the Context of the Preparation for an Impact Assessment Regarding Possible Options for a Future EU Initiative

Our Researchers

Click on the photos to view their profiles.

Publications

Here are the publications published for this project