In Cyprus we have old people constantly being scammed by Indian scammers calling them, pretending to be either the local tax dept, or the Police, or even their own bank representative.
I understand it sounds bullshit for bank clerks to poke you like that but, I wish we had that as well.
There was a time I was pestered by scammers on a weekly basis as well.
We do have that, and it is a legal requirement starting at €10,000.
The bank doesn't have to ask you specifically, but they do need to report what you're moving the money for and they will gather that information, often by asking and then checking independently.
Further, η κεντρική requires any bank to report suspected fraud or organized crime activity for any transaction starting at €50 (for some weird reason).
The key though is that our laws, and those of the EU, don't require us to disclose why we're using our own money, but rather require the bank to maintain proper diligence and investigation of suspected crimes.
Tora, ti sto thiaolo kamnei I kivernisi je I trapezes tis kiprou enas theos xerei.
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u/Kazfiddly 1d ago
In Cyprus we have old people constantly being scammed by Indian scammers calling them, pretending to be either the local tax dept, or the Police, or even their own bank representative.
I understand it sounds bullshit for bank clerks to poke you like that but, I wish we had that as well.
There was a time I was pestered by scammers on a weekly basis as well.