The EU will implement new anti-money laundering rules starting from 2027, setting a ceiling of 10,000 euros for cash payments and strengthening supervision of encryption and high-risk industries

On June 20, the EU will implement new anti-money laundering regulations starting from July 2027 (Regulation(EU)2024/1624), which sets a ceiling of € 10,000 on cash payments for goods and services, and requires customer due diligence and identity verification for transactions of € 3,000 and above; At the same time, crypto asset service providers (CASPs) are required to strengthen KYC for incidental transactions of 1,000 euros and above, and prohibit anonymous accounts and privacy coin-related services. Relevant supervision has also been extended to fields such as football clubs, luxury goods transactions, investment immigration and crowdfunding., and strengthen beneficial ownership registration and disclosure requirements, the overall purpose is to unify the EU anti-money laundering framework and expand the coverage of high-risk industries.