Source link : https://europ.info/2026/05/08/the-bank-of-portugal-warns-about-limits-on-cash-payments-the-portugal-news/
The Bank of Portugal has issued a statement highlighting new restrictions on cash payments, aiming to curb illegal financial activities and promote transparency in transactions across the country. These measures, which set clear limits on the amount of cash that can be used in commercial and private dealings, mark a significant step in the nation’s ongoing effort to modernize its financial system and combat money laundering. This development comes amid growing concerns about the misuse of cash payments in illicit operations, prompting authorities to reinforce regulatory oversight.
Bank of Portugal Issues Alert on New Cash Payment Restrictions
The Bank of Portugal has recently highlighted important updates regarding cash transaction policies, aimed at reinforcing the country’s efforts to combat money laundering and tax evasion. Effective immediately, individuals and businesses face new stringent limits on cash payments, with a particular focus on transactions within consumer markets and real estate sectors. The central bank emphasized that payments exceeding the established thresholds must now be conducted through traceable financial instruments such as bank transfers or debit card payments.
Key points from the new measures include:
- Maximum cash payment limit: €1,000 for consumer purchases, reducing previous allowances.
- Business transactions: Cash payments between companies cannot surpass €3,000.
- Real estate deals: Cash payments in property purchases are…
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Author : Olivia Williams
Publish date : 2026-05-08 21:05:00
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