Regulation on controls of cash entering or leaving the community
The Regulation 2005/1889/EC of 26 October 2005 on controls of cash entering or leaving the Community (hereinafter the “Regulation”) was adopted in order to supplement Directive 91/308/EEC on prevention of the use of the financial system for the purpose of money laundering. It is a system that controls cash entering or leaving the Community, while Directive 91/308/EEC should prevent money laundering by monitoring transactions through credit and financial institutions and certain types of professions.
According to this Regulation cash means (i) bearer-negotiable instruments including monetary instruments in bearer form such as travellers cheques, negotiable instruments (including cheques, promissory notes and money orders) that are either in bearer form, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that the title thereto passes upon delivery and incomplete instruments (including cheques, promissory notes and money orders) that have been signed but with the payee’s name omitted; and (ii) currency (banknotes and coins that are in circulation as a medium of exchange).
Cash in the amount of EUR 10,000 or more carried by any natural person entering and leaving the Community must be declared to the competent authorities of the Member State through which the natural person is entering or leaving the Community, regardless of whether or not that person is the owner of the cash. If the declaration is incorrect or incomplete, it shall be deemed that the obligation to declare has not been fulfilled. The Member State will determine whether the declaration shall be submitted in writing, orally or electronically. The declarant is entitled to submit the declaration in writing.
If the obligation to declare cash is not fulfilled, the cash may be detained by an administrative decision. For this purposes, officials of the competent authorities are empowered to carry out inspections on natural persons, their baggage and their means of transport under national legislation. Each Member State shall introduce penalties to apply in the event of failure to comply with the obligation to declare cash.
The Regulation entered into force on 15 December 2005 and shall apply from 15 June 2007.
Other articles
Digital Services Act Back in Spotlight
Do you know what Wikipedia and Pornhub have in common? That's right, both are large online platforms designated by the Commission under the Digital Services Act (along with Booking.com, Google Maps, TikTok, Zalando, WhatsApp, and others). The list of very large online platforms and very large search engines, as defined in Article 33(4) of European Regulation 2022/2065 on digital services, was published in the Official Journal of the EU on March 11, 2026.
Kateřina Štěpánková k flexinovele zákoníku práce v anketě Legalwebu
Advokátka KŠB Kateřina Štěpánková poskytla rozhovor odbornému portálu Legalweb v rámci ankety věnované zkušenostem s tzv. flexinovelou zákoníku práce. Ta přinesla od roku 2025 řadu významných změn v pracovněprávních vztazích, například úpravu běhu výpovědní doby nebo prodloužení maximální délky zkušební doby.
KŠB Advises STARLUX Airlines on its Entry into the Czech Market
KŠB provided assistance to Taiwan-based airline STARLUX Airlines in connection with its planned entry into the Czech market and launch of regular flights between Prague and Taipei.
