About banks and cash

The European Commission of "European Union" published a document titled "Proposal for an EU initiative on restrictions on payments in cash". The date of roadmap is January 23, 2017. In it, we can read the following : The Action Plan states that Payments in cash are widely used in the financing of terrorist activities… In this context, the relevance of potential upper limits to cash payments could also be explored. Several Member States have in place prohibitions for cash payments above a specific threshold.

But, to this proposition, I object that :

To be honest, the privacy part is recognized. However, it is a very small part of the document. In consequence, it seems clear that it does not matter much (for the writers).