this post was submitted on 21 Mar 2024
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Privacy

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[–] [email protected] 19 points 7 months ago (3 children)

I am pretty sure the lesser part of corruption is cash. Probably more stuff like exchanging a lucrative contract for political support.

They are not stupid. Afterall cash needs to be explained, a good contract gives you cash and the explanation.

[–] [email protected] 6 points 7 months ago* (last edited 7 months ago) (1 children)

Can't say in terms of proportion cash vs. non-cash but one might want to watch the Qatargate recent documentary on Arte which shows that somehow a 700k EUR luggage was found in the house of a MEP. Piles of cash sound outdated yet clearly still exist nowadays.

[–] [email protected] 1 points 7 months ago (1 children)
[–] [email protected] 2 points 7 months ago (1 children)

Video, audio and subtitles via yt-dlp at https://fabien.benetou.fr/pub/home/ytdl/

I'll leave that for few days.

[–] [email protected] 1 points 7 months ago
[–] [email protected] 6 points 7 months ago (1 children)

Cash is mostly traceable at point of contact unless you keep it in a money bin and don't spend it, though..

[–] [email protected] 11 points 7 months ago

Not necessarily, it's only traceable if you generate receipts on both sides. I don't know about EU law, but in the US, you only need to report cash deposits if they're over $10k, and if your deposits are always over $10k (e.g. you're a big retailer or something), another $10k here and there won't raise any eyebrows.

Cash is still king when it comes to corruption since it's easy to exchange it for favors w/o generating a receipt at all.

[–] [email protected] 4 points 7 months ago

The 500€ bill was removed from circulation because it was used almost exclusively for corruption and illegal trade.