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> Whose fault is it? I mean they literally don’t and as far as I know this is because is insecure and expensive. "Under AML regulations, anyone involved in veh

> Whose fault is it? I mean they literally don’t and as far as I know this is because is insecure and expensive. "Under AML regulations, anyone involved in vehicle sales can face significant fines and even criminal prosecution if they fail to detect money laundering. This includes law firms, banks as well as vehicle dealers—who can be any individual or business that trades vehicles or acts as an intermediary in their purchase or sale" [1] > A bag of cash is an expensive liability. Not as much of a liability as not selling the car. Unless, of course, the government is threatening to put you in jail, then yes, it's an expensive liability. > Most restaurants and cafes don’t accept cash either although they are certainly free to do so. Wait, what? They don't? I've never been to such a restaurant or cafe... and I've been to dozens of countries. I've been in a few restaurants/cafes that don't accept credit cards, that's for sure (mostly because of the fees I suppose). I wonder what's going on where you live. > But it’s more convenient to just put up a sign saying “no cash” and you have magically cut your cash handling costs to zero and your robbery risk significantly. Perhaps you should consider living in an area with a lower risk of robbery and/or more effective police? What you are saying here is not a problem in most of the world. And it has nothing to do with the new law we are talking about. [1] https://sumsub.com/blog/money-laundering-vehicles/ https://sumsub.com/blog/money-laundering-vehicles/

alkonaut 4y ago
This is in Sweden. Cash is mostly gone. Restaurants where you eat first and pay later usually accept it reluctantly, unless they made clear up front they don’t (they have no choice then - you already ate and unlike the opposite no-card-situation where you are forced to go to an atm, you can hardly go make a deposit!). But stores, cafes etc are cashless to a large extent (but with lots of exceptions or partial exceptions e.g a grocery store might have 1 register of 10 accepting cash which means you don’t want to use cash). Overall, the vast majority of retailers do accept cash in some form but not in usual “small transaction” situations like cafes, taxis, smaller shops.

alkonaut 4y ago

This is in Sweden. Cash is mostly gone. Restaurants where you eat first and pay later usually accept it reluctantly, unless they made clear up front they don’t (they have no choice then - you already ate and unlike the opposite no-card-situation where you are forced to go to an atm, you can hardly go make a deposit!). But stores, cafes etc are cashless to a large extent (but with lots of exceptions or partial exceptions e.g a grocery store might have 1 register of 10 accepting cash which means you don’t want to use cash). Overall, the vast majority of retailers do accept cash in some form but not in usual “small transaction” situations like cafes, taxis, smaller shops.