Live News From Spain As It Happens

Gerald said:
Monday, November 19, 2012 @ 11:45 AM

£9000 (€11,200) in the UK has been for over 5 years.

Gerald said:
Monday, November 19, 2012 @ 11:55 AM

I better expand on that, it is legal to take a higher amount but proof of the person (Driving Licence or Passport plus Utility bill or Council tax bill) is required, plus proof where the money came from (Bank or Building Society Statements) plus receipts also where the money came from.
Also helps to eliminate large black economies, but not the small ones unless they accumulate the money. Even horse or dog or gambling winnings have to be proved.
It is rigmarole but it by & large does the trick in the UK.

midasgold said:
Saturday, November 24, 2012 @ 7:04 AM

Money laundering is only the excuse for this new law.
Its about government controlling it's sheep, so it's then able
to steel any wealth (via tax )from it's people by tracking the movment of OUR money.

deegeew said:
Saturday, November 24, 2012 @ 9:35 AM

About time, it will maybe stop some of the corruption in Spain particularly in the property market where black money is still changing hands.

Nicechap said:
Saturday, November 24, 2012 @ 6:44 PM

Does this new law applies to the government as well or is it just for the man in the street, the only way to stop black economies and corruption is to start at the top and work down

peter of burjulu said:
Saturday, November 24, 2012 @ 9:14 PM

does anyone believe that such a rule will eradicate organised crime? or even slow it down?
agree with midasgold. it is a hammer on the individuals who for instance can get a better deal by paying cash. The negative affect for those with genuine transactions outweighs the the rules purpose.
who is going to police it anyway, are they not trying to contain Bureaucratic employment that we end up paying for