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A comment on German banks are hoarding so many euros they need more vaults. Parent comment

Re:German banks are hoarding so many euros they need more va... by Mountain_Skies on Monday February 03, 2020 @07:03PM (#22230817)
I wonder if we are meant to think of drug dealers but the governments are just as worried about the local handyman or small construction company getting untraceable cash payments without paying taxes.
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Re:German banks are hoarding so many euros they need more va... by dmurray on Monday February 03, 2020 @07:43PM (#22231102)
They aren't getting enough €50 or $100 notes to be a real logistical problem. You can put 10k in your pocket, and count it in a minute or two.
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Re:German banks are hoarding so many euros they need more va... by Scoundreller on Monday February 03, 2020 @09:27PM (#22231774)
If you have large piles of money to launder, one way is to build a rental property and pay all the materials/contractors in cash.

But now harder to do that with 5x the bills. Or suddenly stuck with 500s that nobody wants to take.

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Re:German banks are hoarding so many euros they need more va... by throwawaycanada on Tuesday February 04, 2020 @12:13AM (#22232628)
Wait... how do you explain the appearance of the building with no expenses shown except "from cash"?
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Re:German banks are hoarding so many euros they need more va... by Scoundreller on Tuesday February 04, 2020 @07:35AM (#22234816)
At least in Canada, the city cares about building permits, but doesn’t do any checking on how the building/construction was paid for.

Banks don’t really question rent cheque’s coming in every month, or a large bank transfer coming from your lawyer for the sale of property.

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Re:German banks are hoarding so many euros they need more va... by smokeyfish on Tuesday February 04, 2020 @12:58AM (#22232836)
There are expenses, they're just not the right expenses.
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Re:German banks are hoarding so many euros they need more va... by bananabreakfast on Monday February 03, 2020 @07:33PM (#22231034)
This is why so many taxi drivers say their "credit card reader is broken"
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