{"id":65673,"date":"2016-02-03T10:35:20","date_gmt":"2016-02-03T15:35:20","guid":{"rendered":"https:\/\/breaking911.com\/?p=65673"},"modified":"2016-02-03T10:35:20","modified_gmt":"2016-02-03T15:35:20","slug":"germany-considering-5450-limit-on-cash-transactions-to-stop-financing-of-terrorism","status":"publish","type":"post","link":"https:\/\/breaking911.com\/germany-considering-5450-limit-on-cash-transactions-to-stop-financing-of-terrorism\/","title":{"rendered":"Germany Considering $5450 Limit On Cash Transactions To Stop The Financing Of Terrorism"},"content":{"rendered":"<p>Germany is now considering a limit of\u00a0$5450 on cash transactions in an attempt to stop the financing of terrorism.<\/p>\n<p>The Germany governs wants to impose a limit of\u00a0$5450 on cash payments in order to track the financing of international terrorism.<\/p>\n<p>Local media reported that the threat of international terrorism is behind the move, and restrictions on cash have been discussed behind closed doors for some times.<\/p>\n<p>Pre-paid cards and large amounts of cash withdrawn are one of the many reasons behind the move.<\/p>\n<p>A ministry source told FAZ:\u00a0&#8220;The world after\u00a0the Paris terror attacks is no longer the same as\u00a0before.&#8217;<\/p>\n<p>Germany&#8217;s ruling coalition has supported the move and has already called for the imposition of a 5,000 euro limit.<\/p>\n<p>&#8220;In our opinion there is no plausible or legal reason to\u00a0conduct a cash transaction above\u00a0this limit,&#8221; the SDP stated in\u00a0a parliamentary paper last month. In addition, the party wants to\u00a0ban the 500 euro banknote to\u00a0stop it being used by\u00a0organized crime.<\/p>\n<p>&#8220;Germany is a popular destination for\u00a0organized crime and the Mafia,&#8221; the SDP wrote.<\/p>\n<p>In Italy, cash paymens over 1,000 euros were banned in 2011 to fight tax evasion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany is now considering a limit of\u00a0$5450 on cash transactions in an attempt to stop the financing of terrorism. The Germany governs wants to impose a limit of\u00a0$5450 on cash payments in order to track the financing of international terrorism. Local media reported that the threat of international terrorism is behind the move, and restrictions [&hellip;]<\/p>\n","protected":false},"author":3507,"featured_media":65674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":[]},"categories":[4479],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Germany Considering $5450 Limit On Cash Transactions To Stop The Financing Of Terrorism - Breaking911<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/breaking911.com\/germany-considering-5450-limit-on-cash-transactions-to-stop-financing-of-terrorism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany Considering $5450 Limit On Cash Transactions To Stop The Financing Of Terrorism - Breaking911\" \/>\n<meta property=\"og:description\" content=\"Germany is now considering a limit of\u00a0$5450 on cash transactions in an attempt to stop the financing of terrorism. 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