The Spanish government is in the process of passing legislation which will automatically classify large amounts of undeclared cash brought into or taken out of the country as having been obtained illegally. Spain's government has approved a new draft bill focusing on the prevention of money laundering, terrorist financing and the financing of weapons of mass destruction, but it also includes new rules on the movement of cash. The penalties for bringing in undeclared cash would also be tightened, and will now be considered a serious offence with stiffer fines for offenders. READ ALSO: How much money in cash can you pay towards a property in Spain? The Spanish Cabinet approved the draft bill on comprehensive measures for the prevention of money laundering at its meeting on July 28th 2026.