In Italy there is a very aggressive law against money laundering: if you withdraw more than 1k cash, it triggers a call to the police.
I know it's the same if you do it over multiple days.
I think it has been relaxed a little bit later on, but in Italy everybody does the "I'll charge you X less without VAT" (which is 23% in Italy, I should point out), so this is also fighting that.
POSWID* says that money laundering laws are intended mostly to keep the proles and other people within the system honest, while providing a clean and easy system for people with enough money or cachet to bypass it.
In Italy there is a very aggressive law against money laundering: if you withdraw more than 1k cash, it triggers a call to the police. I know it's the same if you do it over multiple days.
I think it has been relaxed a little bit later on, but in Italy everybody does the "I'll charge you X less without VAT" (which is 23% in Italy, I should point out), so this is also fighting that.
Does that mean it's illegal, or that they'll just come knocking to investigate?
I wonder if the "it's my money, I can withdraw it if I want" argument is good enough to send them on their way?
POSWID* says that money laundering laws are intended mostly to keep the proles and other people within the system honest, while providing a clean and easy system for people with enough money or cachet to bypass it.
* https://en.wikipedia.org/wiki/The_purpose_of_a_system_is_wha...