Starting on the 9th of August.....if you walk into a German bank with more than 10,000 Euro to deposit....the bank will ask where you got the money. It has to be recorded for the government.
Don't make up some stupid story that Grandma gave you the money after you chased the wolf from her bedroom.
Preventing money-laundering? That's more or less the story.
If you walk in with 9,900 Euro....no requirement. If you walk in 4,000 Euro in cash....nothing. If you walked into six different branches of your Munich bank with 7,000 Euro to deposit in each bank....nothing.
Yeah, you get the jest of this....it's an exercise that probably won't do much to change the path of things.
If you deposited 80,000 Euro in a Panama bank and transfer it to a fake-company making fake-tampons account in Cyprus, and later transfer it to a Bremen bank? The Bremen guys will ask where it came from, but the logical answer is a Cyprus financial enterprise.
So at least the bank folks can claim they are doing a swell job, and the government guys can hunt down the evil money-laundering folks.
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