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This is both true and not true. Cash is notionally untraceable but try moving $10m in cash illegally for less than 10% fee, and good luck buying anything if tha
by etothepii 4y ago
This is both true and not true. Cash is notionally untraceable but try moving $10m in cash illegally for less than 10% fee, and good luck buying anything if that cash represents a sizeable portion of your legitimate net worth.
- LarryMullins 4y ago> Cash is notionally untraceable but try moving $10m in cash illegally for less than 10% fee, That's easy if you can tolerate risk; just put it in the back of a u-haul and obey the speed limit. Of course if the "cash" is actually a number in a bank account, not actual cash, then it's not so easy.
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- etothepii 4y agoIn this context "moving" was intended to mean from one person to another not within one country.
- A4ET8a8uTh0 4y agoYep. Most people do not believe me, when I tell them that having even 10k USD on their person is asking for trouble. Sometimes I wonder if people understand the world they operate in. Then I remember more and more people pay with plastic or phone and it kinda starts to click.