EU AML Rules to Impose €10,000 Cash Payment Cap and Tighter Crypto KYC From 2027

The EU's new anti-money laundering regulation, Regulation (EU) 2024/1624, will apply from July 2027, introducing a bloc-wide €10,000 cap on cash payments for goods and services. It also tightens rules for crypto-asset service providers, including KYC requirements for certain occasional transactions, restrictions on anonymous crypto accounts and services linked to anonymity-enhancing coins.

The framework also expands AML coverage to high-risk sectors such as luxury goods, football clubs, crowdfunding and investment migration, while strengthening beneficial ownership transparency.