Limit on the use of cash and bearer securities

 

IMPORTANT NOTICE

 

San Marino legislation (Law no. 92 of 17 June 2008 and subsequent amendments. ...) sets precise limitation to the use of cash between different parties.

Article 31 of the  mentioned Law states that the transfer between different parties of cash, when the value of the transaction, even fractioned, exceeds EUR 10,000, shall be exclusively effected through a party authorized to exercise the reserved activities mentioned in letters A), C) or I) of Annex 1 to Law no. 165 of 17 November 2005.