The numerous incidents on Boeing aircraft in the past three months reflect the drive of the company’s executives to maximize profits for stockholders to the detriment of safety on its fleet of commercial airliners.
Because larger denominations are harder to spend in stores, and depositing a large amount, without a plausible story, will get scrutinized and/or flagged for the tax authorities. At least with European banking laws, I can’t speak for US laws.
AML investigations and fines are a bitch, they definitely do care. However, I think it’s basically automated at this point. Tellers or even bank managers aren’t making spot judgement calls.
Because larger denominations are harder to spend in stores, and depositing a large amount, without a plausible story, will get scrutinized and/or flagged for the tax authorities. At least with European banking laws, I can’t speak for US laws.
Thats not the case in the US. You only trigger additional processes if you deposit >$10,000
Its true that the EU is much more of a PIA with cash
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Nah, that’s more work for them.
AML investigations and fines are a bitch, they definitely do care. However, I think it’s basically automated at this point. Tellers or even bank managers aren’t making spot judgement calls.
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