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by input_sh 1038 days ago
> if they find more than 3000 eur in one place that is not pre authorized, they will confiscate it all and punish the people who had that kind of cash; it's becoming 'the law'

Can you please not make shit up to be obsessed about?
1 comments
gunapologist99 1038 days ago
No need to curse to make your point, especially since this is a burgeoning area of both criminal and civil law in western countries.

https://en.wikipedia.org/wiki/Asset_forfeiture#European_Unio...

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ffhhttt 1038 days ago
So you need to be convicted by a court and the government needs to be able prove the money was obtained from illegal sources?

How is that unreasonable and more importantly what does it have to do with the €3000 limit discussed in this thread?

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gunapologist99 1038 days ago
It can simply be seized.

Whether a conviction occurs in court is largely irrelevant, because it's in excess of the 3000 limit that this law actually puts in place, and therefore de jure illegal.

In the U.S., no conviction of the owner is even necessary, since the conviction is of the cash itself. This is likely coming to EU as well because it's a easy way for the enforcement state to increase its coffers and, in theory, stop money laundering.

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input_sh 1038 days ago
> because it's in excess of the 3000 limit that this law actually puts in place, and therefore de jure illegal.

I don't get it, do you not understand the difference between possessing a certain amount of cash and making a single payment over a certain amount in cash?

How do you make a logical leap from the latter to the former?

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frumper 1038 days ago
Similar laws in the US have readily morphed into we're going to hold it until you prove it's not from illegal sources. Googling it will provide many examples.
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ffhhttt 1038 days ago
I don’t care about examples from the US. How is that relevant or at all related to this specific ban?
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frumper 1038 days ago
> So you need to be convicted by a court and the government needs to be able prove the money was obtained from illegal sources?

The way you read laws isn't how the enforcers need to read it. That isn't a US specific issue.

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frumper 1038 days ago
Follow up, the EU is pretty much on the same page as US authorities. No convictions needed.

https://www.lexology.com/library/detail.aspx?g=1acd50be-5237...

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input_sh 1038 days ago
No need to add irrelevant links to make no point, there's nothing in the draft that prevents you from possessing >€3k.
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