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this post was submitted on 27 Mar 2024
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United States | News & Politics
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Man makes an enemy of a large company, man tells friends and family that he would not commit suicide and not to believe that in case he dies, man dies... Coroner yup, that's totally a suicide while counting a large stack of 50s...
Why 50s?
Because larger denominations are harder to spend in stores, and depositing a large amount, without a plausible story, will get scrutinized and/or flagged for the tax authorities. At least with European banking laws, I can't speak for US laws.
Thats not the case in the US. You only trigger additional processes if you deposit >$10,000
Its true that the EU is much more of a PIA with cash
Nah, that's more work for them.
AML investigations and fines are a bitch, they definitely do care. However, I think it's basically automated at this point. Tellers or even bank managers aren't making spot judgement calls.