Cash ban for scrap metal dealing

Posted on 26 Oct 2012 by The Manufacturer

New guidelines on the implementation of a ban on cash payments for scrap metal were released by the Home Office this week.

The new regulations will come into effect on December 3 this year. They will demand that all scrap metal dealers keep transaction records for purchases and that these must be made via electronic payment of cheque. The new law comes into place to try and tackle escalating occurrences of metal theft across the UK. The…

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