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  1. Spain may not be necessarily the best example. The Spanish government has been trying to crack down on cash sales of houses. It goes something like this, your lawyer attends to transfer meeting initially, then leaves the room while all those 500 Euro notes are being counted, then presto the transfer takes place when your lawyer re-enters.

    I’m not sure what the current state of play is in Spain, but I watched a UK TV programme showing the process a few years back.

    Now the cash doesn’t land in your FATCA bank account, what to do now? Gold? Diamonds, who knows.

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