Under the package, businesses and individuals will be barred from making in-person cash payments above €10,000.
Transactions between €3,000 and €10,000 will trigger mandatory customer identity checks and reporting to national financial intelligence units.
The measures, aimed at combating money laundering and terrorist financing, will also extend to digital assets: cryptocurrency exchanges and related platforms must verify customer identities for trades exceeding €1,000 (around PLN 4,300).
Current EU thresholds for crypto services are higher, allowing potential misuse for illicit activities.
Poland already limits business cash payments to PLN 15,000 (about €3,500), but the new EU cap will apply to private individuals as well.
Sectors heavily reliant on cash—such as sports clubs—will receive a transitional period, with full compliance required by 2029.
(jh)
Source: Polskie Radio 24