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A comment on Uber faces criminal probe over software used to evade authorities. Parent comment

Re:Uber faces criminal probe over software used to evade aut... by bogositosius on Friday May 05, 2017 @03:52AM (#14271805)
In what jurisdiction do I have to report transferring more than $10,000? That's an obligation of the bank, not individuals using banks.

(At least in the U.S. Do EU citizens have to report themselves for such transactions?)

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Re:Uber faces criminal probe over software used to evade aut... by petre on Friday May 05, 2017 @04:22AM (#14271901)
No, the bank doesn't need to report it, they have transaction records on file. It's specifically about moving cash in excess of 10k euros. It's the same i nthe US, you have to report cash payments in excess to $10k to the IRS.

http://ec.europa.eu/taxation_customs/individuals/cash-contro...

In Greece they have even extended this to other comodities such as gold and you have to report it regardless if you're moving it or not, otherwise they can freely confiscate it.

http://www.zerohedge.com/news/2015-12-01/greeks-told-declare...

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Re:Uber faces criminal probe over software used to evade aut... by piaste on Friday May 05, 2017 @04:27AM (#14271927)
> (At least in the U.S. Do EU citizens have to report themselves for such transactions?)

No, but transactions over X € must be conducted using a traceable medium - cheques, credit cards, bank transfer, sometimes Bitcoin. X varies by country.

Conducting transactions above X € in cash doesn't automatically constitute criminal money laundering, of course, it just gets fined.

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