+REGULATION (EU) 2018/1672 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 23 October 2018 on controls on cash entering or leaving the Union and repealing Regulation (EC) No 1889/2005
---+Article 1 Subject matter
---+Article 2 Definitions
------+Article 2 1.
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---+Article 3 Obligation to declare accompanied cash
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------+Article 3 2.
------+Article 3 3.
---+Article 4 Obligation to disclose unaccompanied cash
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------+Article 4 2.
------+Article 4 3.
---+Article 5 Powers of the competent authorities
------+Article 5 1.
------+Article 5 2.
------+Article 5 3.
------+Article 5 4.
------+Article 5 5.
---+Article 6 Sub-threshold amounts suspected to be related to criminal activity
------+Article 6 1.
------+Article 6 2.
---+Article 7 Temporary detention of cash by competent authorities
------+Article 7 1.
------+Article 7 2.
------+Article 7 3.
---+Article 8 Information campaigns
---+Article 9 Provision of information to the FIU
------+Article 9 1.
------+Article 9 2.
------+Article 9 3.
---+Article 10 Exchange of information between competent authorities and with the Commission
------+Article 10 1.
------+Article 10 2.
------+Article 10 3.
------+Article 10 4.
------+Article 10 5.
---+Article 11 Exchange of information with third countries
------+Article 11 1.
------+Article 11 2.
---+Article 12 Professional secrecy and confidentiality and data security
------+Article 12 1.
------+Article 12 2.
---+Article 13 Personal data protection and retention periods
------+Article 13 1.
------+Article 13 2.
------+Article 13 3.
------+Article 13 4.
------+Article 13 5.
---+Article 14 Penalties
---+Article 15 Exercise of the delegation
------+Article 15 1.
------+Article 15 2.
------+Article 15 3.
------+Article 15 4.
------+Article 15 5.
------+Article 15 6.
---+Article 16 Implementing acts
------+Article 16 1.
------+Article 16 2.
---+Article 17 Committee procedure
------+Article 17 1.
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---+Article 18 Transmission of information relating to the implementation of this Regulation
------+Article 18 1.
------+Article 18 2.
------+Article 18 3.
------+Article 18 4.
---+Article 19 Evaluation
------+Article 19 1.
------+Article 19 2.
---+Article 20 Repeal of Regulation (EC) No 1889/2005
---+Article 21 Entry into force and application
---+ANNEX I
---+ANNEX II
 English - European Union - Financial Industry - Anti-Money Laundering -

REGULATION (EU) 2018/1672 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 23 October 2018 on controls on cash entering or leaving the Union and repealing Regulation (EC) No 1889/2005

REGULATION (EU) 2018/1672 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 23 October 2018

on controls on cash entering or leaving the Union and repealing Regulation (EC) No 1889/2005

This Regulation shall be binding in its entirety and directly applicable in all Member States.

1. Overview

,
Article 1 Subject matter

Article 1

Subject matter

This Regulation provides for a system of controls with respect to cash entering or leaving the Union to complement the legal framework for the prevention of money laundering and terrorist financing laid down in Directive (EU) 2015/849.
Article 2 Definitions
Article 3 Obligation to declare accompanied cash
Article 4 Obligation to disclose unaccompanied cash
Article 5 Powers of the competent authorities
Article 6 Sub-threshold amounts suspected to be related to criminal activity
Article 7 Temporary detention of cash by competent authorities
Article 8 Information campaigns

Article 8

Information campaigns

Member States shall ensure that persons who enter or leave the Union or persons who send unaccompanied cash from the Union or who receive unaccompanied cash in the Union are informed of their rights and obligations under this Regulation and shall, in cooperation with the Commission, develop appropriate materials aimed at those persons.

Member States shall ensure that sufficient funding is made available for such information campaigns.
Article 9 Provision of information to the FIU
Article 10 Exchange of information between competent authorities and with the Commission
Article 11 Exchange of information with third countries
Article 12 Professional secrecy and confidentiality and data security
Article 13 Personal data protection and retention periods
Article 14 Penalties

Article 14

Penalties

Each Member State shall introduce penalties which shall apply in the event of failure to comply with the obligation to declare accompanied cash laid down in Article 3 or the obligation to disclose unaccompanied cash laid down in Article 4. Such penalties shall be effective, proportionate and dissuasive.
Article 15 Exercise of the delegation
Article 16 Implementing acts
Article 17 Committee procedure
Article 18 Transmission of information relating to the implementation of this Regulation
Article 19 Evaluation
Article 20 Repeal of Regulation (EC) No 1889/2005

Article 20

Repeal of Regulation (EC) No 1889/2005

Regulation (EC) No 1889/2005 is repealed.

References to the repealed Regulation shall be construed as references to this Regulation and shall be read in accordance with the correlation table in Annex II.
Article 21 Entry into force and application

Article 21

Entry into force and application

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

It shall apply from 3 June 2021. However, Article 16 shall apply from 2 December 2018.
ANNEX I



ANNEX I

Commodities used as highly-liquid stores of value and prepaid cards which are considered cash in accordance with point (a)(iii) and (iv) of Article 2(1)

1. Commodities used as highly-liquid stores of value:

(a) 

coins with a gold content of at least 90 %; and

(b) 

bullion such as bars, nuggets or clumps with a gold content of at least 99,5 %.

2. Prepaid cards: P.M.
ANNEX II



ANNEX II



CORRELATION TABLE

Regulation (EC) No 1889/2005

This Regulation

Article 1

Article 1

Article 2

Article 2

Article 3

Article 3

—

Article 4

Article 4(1)

Article 5

Article 5(2)

Article 6

Article 4(2)

Article 7

—

Article 8

Article 5(1)

Article 9

Article 6

Article 10

Article 7

Article 11

Article 8

Article 12

—

Article 13

Article 9

Article 14

—

Article 15

—

Article 16

—

Article 17

—

Article 18

Article 10

Article 19

—

Article 20

Article 11

Article 21

—

Annex I

—

Annex II

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
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