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Greece Implements Ban on Cash Payments in Property Deals, with Exceptions for Pre-Established Agreements

Violators face strict consequences, including fines amounting to 10% of the transaction value if payments are not properly verified. A new rule in Greece, effective December 11, requires all property-related financial transactions to be conducted exclusively through banking methods, effectively eliminating cash payments from this process. While the regulation is stringent, it includes specific exceptions…