Re:Stripe can make automatic LLCs but a wire transfer from C...
by zonethundery on Wednesday January 15, 2020 @09:15AM
(#22054261)
If you make a large cash transaction, the teller is not supposed to tell you they are filing a Currency Transaction Report (CTR). If you ask about the CTR threshold and then change your transaction size, the teller is then obligated to file a Suspicious Activity Report (SAR). Both CTRs and SARs are reported to Treasury.
It's not about fraud, it's about money laundering. They often look like the same thing.
It's not about fraud, it's about money laundering. They often look like the same thing.