If you withdraw more than $10,000 in cash, your bank has to report it to the government.
If the bank thinks you're 'suspicious', they have to report it to the government.
If a business accepts more than $10,000 in cash it has to report you to the government.
The US is actually more lenient in this regard than some countries, where large cash purchases are (or will soon be) banned outright.
Very much appreciated if you have references or pointers.
http://www.zerohedge.com/article/italy-banning-cash-transact...
Sweden is another one. Actually they are currently discussing/planing to completely ban cash transactions: http://www.bbc.co.uk/news/world-europe-10538032
I'm not surprised regarding Italy (where I had to produce a passport and get myself registered in order to use an internet cafe), but Sweden does surprise me.
If you withdraw more than $10,000 in cash, your bank has to report it to the government.
If the bank thinks you're 'suspicious', they have to report it to the government.
If a business accepts more than $10,000 in cash it has to report you to the government.
The US is actually more lenient in this regard than some countries, where large cash purchases are (or will soon be) banned outright.