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A comment on EU-wide maximum limit of €10K for cash payments. Parent comment

Re:EU-wide maximum limit of €10K for cash payments by ErikCorry on Saturday December 10, 2022 @08:17PM (#33938939)
This sounds like how you would buy a flat where you didn't want to make a paper trail.

In the real (non-criminal) world you would have a conveyancing solicitor handle it, and he would take care of the contract, the transfer, checking for liens, stamp duty etc.

How do you even know the seller owns the flat when you do everything in cash?

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Re:EU-wide maximum limit of €10K for cash payments by matkoniecz on Sunday December 11, 2022 @02:49AM (#33941128)
Paper trail was fully present - with notary certifying that transaction took place and updating records in land registration, preparing tax stuff to pay and record.

I expect that they also checked at least basic status of that property and that it had no mortgage, encumbrances etc recorded in the land register.

I bet that bank also recorded that transactions.

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Re:EU-wide maximum limit of €10K for cash payments by franciscop on Sunday December 11, 2022 @02:21AM (#33940979)
Why involve, trust and pay an extra fee to a 3rd party when you can just use cash? It seems like it's not fishy in this case since it all happened within a bank.
[ Parent | on HN ]