Newsletter No. 2 - 2020. Threshold-based communications: initial results

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Last September, the UIF began receiving threshold-based communications, concerning cash transactions for an amount equal to or above €10,000 per month, which can also consist of more than one operation where individual ones account for an amount equal to or above €1,000.

These communications will enrich the UIF's information database and can be useful for carrying out analyses on the use of cash and to identify flows potentially relating to money laundering.

The second newsletter of 2020 published by the UIF includes a brief summary of the data contained in the communications referring to the 8-month period between April and November 2019.