Thread: Moving Diary
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Old 5th April 2009, 03:20 PM
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Originally from uk. Expat in cyprus.
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Quote:
Originally Posted by teandto View Post
I didn't know there was a limit on currency you bring in. Any idea how much you can bring in cash?
The reason that the banks are cautious about large amounts of cash is that in the past people have laundered money by buying property with cash.
If you want to use large amounts of cash you have to be able to prove that it is legitimate and the proceeds of crime.
Drugs barons used to come in with suitcases full of their ill gotten gains and buy houses to launder the money
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