At the current exchange rate £85,000 is a little less than $110,000 US. Take away 40% and you're left with $66,000. Actually, only 30-40% of the part over 100,000€ is being confiscated, not that that is much consolation if you were WAY over.
Actually, only 30-40% of the part over 100,000€ is being confiscated They have withdrawal limits now, set at 300 Euros. This means the following:
- All the money is confiscated, regardless of the amount
- The stolen money, up to 100K Euros, can be returned to you at a later time and in small batches, if you are insistent enough and live long enough.
One could say that "the money, up to 100K Euros, is NOT confiscated" only if you can withdraw it all whenever you wish. This condition is not met.