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RE: LeoThread 2025-03-24 02:23

in LeoFinance7 months ago

Part 2/9:

The emphasis in this episode revolves around an obscure forum user: a French individual seeking to transfer €100,000 in cash to Hong Kong. This financial endeavor illustrates the complexities of handling large sums of cash in a time when privacy has dwindled, and all transactions—including those made in public restrooms—are logged and tracked. Given that EU regulations mandate declaring any sums exceeding €10,000 upon exiting the continent, moving cash is increasingly fraught with challenges.

In the United States, similar restrictions apply with a threshold around $10,000, and traditional banking channels often require extensive documentation for cash deposits, making it a difficult proposition for those seeking anonymity.

Creative Solutions to Cash Movement