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Without a fight even encryption and things like paying in cash will be danger. I take an european example: France recently banned paying sums of cash above 100
by enqk 11y ago
Without a fight even encryption and things like paying in cash will be danger.
I take an european example: France recently banned paying sums of cash above 1000EUR in a commercial transaction.
Ref: http://www.connexionfrance.com/1000-euro-cash-payment-limit-france-september-money-laundering-17068-view-article.html http://www.connexionfrance.com/1000-euro-cash-payment-limit-...
- redblacktree 11y agoWhat the hell? How does a Frenchman sell a personal vehicle then? I wouldn't trust a check... I just recently sold a vehicle for $7,800 in cash. It's insane to me that that could be considered illegal.
- enqk 11y agoI saw in some official reference that the limit applies to business transactions with a professional. For a person to person transaction they say there is no limit, as long as a bill is recorded if amounts > 1500e. In France, there's a special kind of certified check that persons can use for large transactions where the amount is pre-debited and the check comes directly from the Bank itself.
- redblacktree 11y agoI think you're talking about a "cashier's check" which we have in the US too; the problem is that these can be forged, and the bank will still accept it as a deposit. What many people don't know, is that when the check fails to clear, the depositor is liable for the missing funds, not the forger.