The European Commission has set out its long-term plan for the customs union, with increased cooperation among member states to meet challenges such as terrorism and border security. A key proposal is to update EU rules on cash controls, extending the definition of cash to include gold and other high-value commodities and enabling authorities to act on amounts lower than €10,000 where criminal activity is suspected.
The European Commission has set out its long-term plan for the customs union, with increased cooperation among member states to meet challenges such as terrorism and border security. A key proposal is to update EU rules on cash controls, extending the definition of cash to include gold and other high-value commodities and enabling authorities to act on amounts lower than €10,000 where criminal activity is suspected.
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