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Paper Launch - Limiting the Use of Cash for Big Purchases: Assessing the Case for Uniform Cash Thresholds
This Breakfast Briefing will explore the pros and cons of imposing “cash thresholds”, limits on high value cash transactions, including whether they should be introduced at a uniform level across different countries and, in particular, throughout the Eurozone.
Cash plays a central role in financial crime, tax evasion, corruption and terrorist finance. Cash thresholds, which have already been introduced in some countries, appear to offer the potential to constrain the use of cash for large scale money laundering and tax evasion with minimal downside for ordinary citizens. Yet any policy proposal that curtails the use of cash generates controversy given both the potential disruption to normal economic activity and personal privacy concerns.
This event sees the launch of RUSI's Centre for Financial Crime and Security Studies’ new paper ‘Limiting the Use of Cash for Big Purchases: Assessing the Case for Uniform Cash Thresholds’, written in collaboration with Peter Sands and Ben Weisman from the Mossavar-Rahmani Center for Business & Government at Harvard Kennedy School of Government. We look forward to a lively debate about the merits and potential disadvantages of such a policy initiative, which is currently under active consideration in a number of countries and – for the Eurozone as a whole – by the European Commission.
- Peter Sands, Research Fellow and former Group Chief Executive of Standard Chartered, Harvard Kennedy School of Government
- Simon Riondet, Head of Financial Intelligence, Europol
- Haylea Campbell, Research Analyst, RUSI
Coffee and pastries will be served from 0800 for an 0830 start. The Breakfast Briefing will end at 0930.
Organised by RUSI's Centre for Financial Crime and Security Studies.
To attend this event, please register online using the "Register Now" button above. If you have any queries please contact Lieke Bos at LiekeB@rusi.org.