bundles of cash

[tamore]

with the faith in financial institutions dwindling, and perhaps the increaded likelihood of people going back to using cash, what sums can be passed off for transactions without money laundering alarm bells ringing?

[Chainguy]

I think its as little as 10 grand.

[eliot]

2/3 grand.

[Chainguy]

eliot said:

2/3 grand.

Bloody hell. If your Soovy, thats lunch!

[blindswelledrat]

eliot said:

2/3 grand.

Two thirds of a grand?
Like £666.67?
What an extraordinary denomination to come p with.

[cougargirl]

It's not necessarily the amount of money, but the transactions that you do with it.

It can be traced if the institution you are using are on the ball enough.

Having said that, as most of the people you would be speaking to are in Bombay or some such place, who knows?!

[Timmy35]

cougargirl said:

It's not necessarily the amount of money, but the transactions that you do with it.

Having sat through cr*p money laundering courses about a dozen times this is true.

If the girl at the bank asks why you want withdraw £2000 just tell her it's for hookers and coke.

[cougargirl]

Timmy35 said:

cougargirl said:

It's not necessarily the amount of money, but the transactions that you do with it.

Having sat through cr*p money laundering courses about a dozen times this is true.

If the girl at the bank asks why you want withdraw £2000 just tell her it's for hookers and coke.

she'll join in too!

[Chilli]

tamore said:

with the faith in financial institutions dwindling, and perhaps the increaded likelihood of people going back to using cash, what sums can be passed off for transactions without money laundering alarm bells ringing?

T'was €10,000 when I was doing it.

[smutbag]

Timmy35 said:

cougargirl said:

It's not necessarily the amount of money, but the transactions that you do with it.

Having sat through cr*p money laundering courses about a dozen times this is true.

If the girl at the bank asks why you want withdraw £2000 just tell her it's for hookers and coke.

One could be forgiven for thinking that you'd like us to think you do this often Timmy darling?

[scruffy]

Timmy35 said:

cougargirl said:

It's not necessarily the amount of money, but the transactions that you do with it.

Having sat through cr*p money laundering courses about a dozen times this is true.

If the girl at the bank asks why you want withdraw £2000 just tell her it's for hookers and coke.

I took £14,000 out for my Griff...

The look on the girls face as it changed from, '...st, I've got to serve the scruffy hippy' to 'Hello tiger...'

Girls are shallow...

[sprinter885]

When I was last in finance £10 G's was the amount that caused questions to be asked- but it could be less. Patterns of cash deposits were what triggered interest depending on the nature of work/business the customer was in.

Certain trades are high risk-casinos, money exchange etc.

[cougargirl]

scruffy said:

Timmy35 said:

cougargirl said:

It's not necessarily the amount of money, but the transactions that you do with it.

Having sat through cr*p money laundering courses about a dozen times this is true.

If the girl at the bank asks why you want withdraw £2000 just tell her it's for hookers and coke.

I took £14,000 out for my Griff...

The look on the girls face as it changed from, '...st, I've got to serve the scruffy hippy' to 'Hello tiger...'

Girls are shallow...

Ah come on, not JUST girls.....

[Timmy35]

smutbag said:

Timmy35 said:

cougargirl said:

It's not necessarily the amount of money, but the transactions that you do with it.

Having sat through cr*p money laundering courses about a dozen times this is true.

If the girl at the bank asks why you want withdraw £2000 just tell her it's for hookers and coke.

One could be forgiven for thinking that you'd like us to think you do this often Timmy darling?

LOL.....yes, except with me it's more like £20 for a jizz mag and a 4 pack of stella.

[tamore]

i didn't really mean taking the cash to the bank, but spending it on relatively high value items. holidays, cars, high end av, etc....

eg, is there an obligation for someone such as a car dealer to pass on your details if you try and pay cash for a car worth more than 10k?

[cougargirl]

tamore said:

i didn't really mean taking the cash to the bank, but spending it on relatively high value items. holidays, cars, high end av, etc....

eg, is there an obligation for someone such as a car dealer to pass on your details if you try and pay cash for a car worth more than 10k?

I don't believe there's any legal requirement particularly, not sure. However, I would stress my earlier point that you do need to be aware that all transactions can be traced back to you at some point.

[Eddh]

I used to have a lot of cash 4-5 grand, and I was careful on how I spent that as not to trigger any alarm bells.

[sprinter885]

tamore said:

i didn't really mean taking the cash to the bank, but spending it on relatively high value items. holidays, cars, high end av, etc....

eg, is there an obligation for someone such as a car dealer to pass on your details if you try and pay cash for a car worth more than 10k?

I very much doubt that my friend-even if there WAS an unwritten agreement I'd suggest they'd welcome you with open arms at the moment...

p.s. Cougargirl's point about tracing back to you at some point is not exactly accurate.
Ever heard of Betting Shops?

Edited by sprinter885 on Wednesday 1st October 13:34

[sunbeam_alpine]

I buy secondhand agricultural machinery in the UK for export. Due to money-laundering regulations I can't pay more than £7500 in cash - it has to go via bank transfer.

[cougargirl]

sprinter885 said:

tamore said:

i didn't really mean taking the cash to the bank, but spending it on relatively high value items. holidays, cars, high end av, etc....

eg, is there an obligation for someone such as a car dealer to pass on your details if you try and pay cash for a car worth more than 10k?

I very much doubt that my friend-even if there WAS an unwritten agreement I'd suggest they'd welcome you with open arms at the moment...

p.s. Cougargirl's point about tracing back to you at some point is not exactly accurate.
Ever heard of Betting Shops?

Edited by sprinter885 on Wednesday 1st October 13:34

Fair point, but I can only go by what I was told in my endless Money Laundering tutorials...

I think the point is JUST BE CAREFUL?