FlyerTalk Forums - View Single Post - USA EMV cards: Availability, Q&A (Chip & PIN -or- Chip & Signature) [2012-2015]

Mar 31, 2014, 8:22 am

#3799

dgcom

Join Date: Oct 2011

Posts: 60

Quote:

Originally Posted by LoneTree

Interesting article on that subject:

http://www.dw.de/tough-times-for-the...ote/a-16865110

I had no idea there was a 200 Euro note.

Strange article. Are they really criminalize having cash in Germany?
Is this a true statement?

Quote:

Because of money laundering laws, citizens must prove a legal origin for large amounts of money.

What is considered "large" amount?

Oh, and this is so stupid:

Quote:

Taking the large note out of circulation should therefore not be publicized, said Hickel. The longer elimination of the 500-euro note is discussed, the greater the opportunities for criminals to re-launder the money.

Criminals would know about this before some officials will do...