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A comment on Cash payments above €3000 to be outlawed in Netherlands. Parent comment

Re:Cash payments above €3000 to be outlawed in Netherlands by consp on Wednesday August 23, 2023 @10:54AM (#37236981)
In NL, all transactions above 10k are monitored and tracked, if you want to collect larger than x-k from your bank in cash it is monitored and tracked (depends on the bank, usually less than 3k). Depositing large cash transactions is monitored as well. If you are staying within the law there is no real way to get around it since hardly any legal employer will pay you in cash.

If the banks actually track it or not is another question. Every now and then a report comes out mentioning a banks failure to do so.

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Re:Cash payments above €3000 to be outlawed in Netherlands by throwaway2037 on Wednesday August 23, 2023 @11:52PM (#37244832)
To be clear, the ~10k USD cash limit before reporting is standard in all highly advanced countries for global money laundering agreements. You see these same restrictions when travelling internationally.
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