this post was submitted on 21 Mar 2024
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Privacy
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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.
Cash is mostly traceable at point of contact unless you keep it in a money bin and don't spend it, though..
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.
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 Piles of cash sound outdated yet clearly still exist nowadays.
Geoblocked
Video, audio and subtitles via yt-dlp at https://fabien.benetou.fr/pub/home/ytdl/
I'll leave that for few days.
Thanks!
The 500€ bill was removed from circulation because it was used almost exclusively for corruption and illegal trade.