Article 58 of the Law on Prevention of Money Laundering and Financing of Terrorism, prohibits cash payment of goods and services in the amount of 3,000 euros or more in denar counter value in the form of one or several transactions that are obviously related, which are not carried out through a bank, a savings house or through an account in another institution that provides payment services, if it is not otherwise regulated by law. Paragraph 3 of the same Article stipulates that this prohibition does not apply to organizers of games of chance.
Namely, according to Article 204 of the Law on Prevention of Money Laundering and Financing of Terrorism, it is foreseen that from January 1, 2024, the prohibition on cash payments for goods and services from Article 58 will apply to cash payments in the amount of 2,000 euros or more in denar counter value, in the form of one or several obviously related transactions, that are not carried out through a bank, savings bank or through an account in another institution that provides payment services.
In addition, according to paragraph 2 of the same article, from January 1, 2025, the prohibition will apply to cash payments in the amount of 1,000 euros or more in denar counter value in the form of one or several transactions that are obviously related, which are not carried out through a bank, a savings house or an account in another institution rendering payment services.