Slovenia Implements Strict Cash Controls at EU Borders

Combating Money Laundering and Terrorist Financing

Slovenia has introduced a written declaration system for all individuals carrying cash or bearer-negotiable instruments (BNIs) exceeding €10,000 to combat money laundering and terrorist financing.

New Declaration Requirements

Travelers must provide detailed information on the origin and intended use of the cash, as well as the transport route and means of transportation. The EU declaration form must include details such as:

Full name
Date and place of birth
Nationality
Owner of cash
Intended recipient
Amount and nature of cash

Consequences of Non-Compliance

The customs authorities may request additional information if the declaration requirements are not fulfilled. Failure to declare or providing false information can result in:

Administrative sanctions ranging from €3,000 to €120,000 for legal entities
Fines up to €4,000 for individuals
In extreme cases, seizure of all cash

The Slovenian authorities have established a system of data sharing with other law enforcement agencies, including the police, to combat money laundering and terrorist financing. This includes:

Exchange of information and data between customs administration and police
Joint working meetings
Training sessions
Preventive activities

Cash Restraining and Seizure

The Slovenian legislation provides for the possibility of restraining cash and BNIs for up to 60 days to ascertain whether evidence of money laundering or terrorist financing may be found. The police can also seize cash in cases where there is a suspicion of criminal activity.

Aim of the New Measures

The new measures aim to prevent the use of cash for illegal activities and ensure that the financial system remains secure and transparent. Travelers entering or leaving the EU must now be aware of these strict regulations and take steps to comply with them to avoid any legal consequences.