All travellers entering or leaving the EU with 10 000 Euros or more in cash (or its equivalent in other currencies or easily convertible assets) must declare the sum to Customs in order to comply with European Regulation (EC) No 1889/2005 applicable from 15 June 2007. This initiative is introduced for the purposes to assist the efforts made at EU level to tackle crime and improve security by cracking down on money laundering, terrorism and criminality.

There are separate control and declaration provisions for intra community cash movements in some Member States. These will be applied in addition to EU rules.

For more information please click here:  http://ec.europa.eu/eucashcontrols