cash rules

Serbia cash acceptance limits and reporting thresholds under anti-money-laundering rules

Montenegro’s amendments to its anti-money-laundering and terrorist-financing legislation have prompted a regional comparison on cash handling. Under the Montenegro changes, banks and other payment-service providers cannot receive cash deposits of €10,000 or more when the deposits relate to proceeds from the sale of property, vehicles, vessels and other movable or immovable assets. That development raised the question of whether Serbia has a comparable restriction and whether Serbian banks could face tighter cash-deposit limits. Serbia’s €10,000 cash-receipt restriction for goods, real…