EU to boost border checks on cash, gold to tackle 'terrorism financing'

Brussels

THE European Commission proposed tightening controls on cash and precious metals transfers from outside the European Union on Wednesday, in a bid to shut down one route for funding of militant attacks on the continent.

The move follows Monday's attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd. It is part of an EU "action plan against terrorist financing" unveiled after the bombings and shootings in Paris in November 2015.

Under the new proposals, customs officials in…