Spain Cash-Transaction Ban Begins as Rajoy Targets Tax Fraud

Spain began prohibiting consumers from paying cash to settle bills of 2,500 euros ($3,190) or more in legislation designed to curb tax evasion.

The ban, which became effective today, will be applied when at least one party to a transaction acts in a professional or commercial capacity, according to a law published Oct. 30 that contains a series of measures it says are “designed to prevent and fight against tax fraud.”