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In my country you can go to the bank and ask for the damaged banknotes to be replaced with new ones. As for the explanation how you come into possession of so m
by Detrytus 3y ago
In my country you can go to the bank and ask for the damaged banknotes to be replaced with new ones. As for the explanation how you come into possession of so much cash then I believe normal money laundering practices still apply
- robocat 3y agoThey check the serial number, and will notice that the note was destroyed.
- kadoban 3y agoWhy not just tell them honestly? I can't really imagine what law you'd be breaking, I doubt anybody thought to make one against this.
- Gys 3y agoThe notes were officially destroyed for a reason so putting them back together from scraps... Hmmmm
- fsckboy 3y agoi'm sure if you read your local counterfeiting laws, this would qualify as counterfeiting
- resolutebat 3y agoWhy? They're real notes.
- plorkyeran 3y agoThey were real notes. The notes reconstructed from the remnants of real notes are not real notes.
- Scoundreller 3y agoThey gotta be recording the serial numbers and listing them as "cancelled" in some database somewhere, right? But with enough shredded pieces, you could always reconstruct a different number.
- adrianmonk 3y agoNo, once it is taken out of circulation by the government, it is not a real note. It's like revoking a TLS cert. It was once real. Now it's not.
- geor9e 3y agoNah. Counterfeiting never includes repairing, unless you find the most corrupt country to stretch the definition. In the USA, the Bureau of Engraving and Printing is who would sell the shredded currency (by the ounce) and their Mutilated Currency Division is who would redeem it (at face value). They are a federal agency so they'd pass the evidence to the FBI and charge you with conspiracy to defraud the United States.
- geor9e 3y agoI don't speak Chinese, but the USA sells shredded currency too. Here are their Mutilated Currency Redemption & Shredded Currency Distribution rules. https://www.bep.gov/services/shredded-currency-distribution#:~:text=The%20recipient%20must%20not%20claim%20the%20value%20of%20the%20shredded%20currency%20enclosed%20in%20a%20product%20as%20having%20a%20monetary%20value%20greater%20than%20the%20weight%20of%20the%20shredded%20currency%20per%20ounce%2C%20or%20fraction%20thereof%2C%20multiplied%20by%20%24165%20per%20ounce https://www.bep.gov/services/shredded-currency-distribution#.... https://www.bep.gov/services/mutilated-currency-redemption#:~:text=A%20submission%2C%20or%20any%20portion%20thereof%2C%20demonstrates%20a%20pattern%20of%20intentional%20mutilation https://www.bep.gov/services/mutilated-currency-redemption#:...
- kadoban 3y agoInterestingly it seems to say you have to agree to all of that, and that if you break it your agreement to use shredded currency may be revoked, but it doesn't make any reference to laws or "we'll come arrest your ass" language. That doesn't mean it's _not_ illegal, but it does tend to confirm my suspicion that nobody has thought to worry about it.
- geor9e 3y agoThe law they'd arrest you under would just be "conspiracy to defraud the United States" and they'd cite the rules you agreed to
- kmoser 3y agoNothing in the rules seem to indicate that you're not allowed to reassemble the shredded notes, or that you're not allowed to either use them as currency or request replacement for your "damaged" currency. However, I am not a lawyer but I'd bet a court would rule that the act of shredding the currency was intended to permanently invalidate its use as currency, and any attempt to reverse that shredding via reassembly, combined with an attempt to pass off said reconstituted money as US currency, would constitute fraud. So while the rules don't seem to explicitly say you can't do it, it's implied that you can't.