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submitted 9 months ago* (last edited 9 months ago) by makeasnek@lemmy.ml to c/privacy@lemmy.ml
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[-] cupcakezealot@lemmy.blahaj.zone 6 points 9 months ago

Cash is mostly traceable at point of contact unless you keep it in a money bin and don't spend it, though..

[-] sugar_in_your_tea@sh.itjust.works 11 points 9 months ago

Not necessarily, it's only traceable if you generate receipts on both sides. I don't know about EU law, but in the US, you only need to report cash deposits if they're over $10k, and if your deposits are always over $10k (e.g. you're a big retailer or something), another $10k here and there won't raise any eyebrows.

Cash is still king when it comes to corruption since it's easy to exchange it for favors w/o generating a receipt at all.

this post was submitted on 21 Mar 2024
570 points (88.9% liked)

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