Press Release: By imposing a fine, the amount of which corresponds to 60% of the amount of cash which is undeclared when crossing an external border of the EU, Hungarian law infringes EU law

Author (Corporate)
Series Title
Series Details No. 90, 2015 (16.07.15)
Publication Date 16/07/2015
Content Type

The amount of the fine imposed is not proportionate to the seriousness of the infringement, which consists in a breach of the obligation to declare possession of a sum of €10 000 or more.
Source Link Link to Main Source http://curia.europa.eu/jcms/upload/docs/application/pdf/2015-07/cp150090en.pdf
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