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Cash transactions over e10,000 now illegal

Posted: Fri Dec 06, 2024 8:30 am
by Paphos Life
Transactions of over €10,000 done in liquid assets, such as cash, are now illegal and punishable by fines or even jail time, under a law passed by parliament on Thursday. Drafted by Disy MP Demetris Demetriou, the legislation provides for a fine of no more than 10 per cent of the amount paid/received in liquid […]
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