Re:FBI is hiding details about a raid on Americans’ safe dep...
by nradov on Thursday July 28, 2022 @08:37PM
(#32271758)
US banks are generally required to report all cash transactions over $10K. However, they're also supposed to report smaller cash transactions that look suspicious. Like if you deposit $5K cash today, and then another $5K cash tomorrow, then it's likely that the bank will file a Suspicious Activity Report (SAR) with FinCEN.
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Re:FBI is hiding details about a raid on Americans’ safe dep...
by bad416f1f5a2 on Thursday July 28, 2022 @09:31PM
(#32272130)
Note particularly that attempting to shape your deposits to avoid SARs - by depositing on different days, or different banks - is itself a federal crime.