Absolutely terrible advice. Plenty of people care about that "piece of paper". It's called a CTR and the feds are hot on the trail of these bank generated documents. $10,000 is the threshold but banks look out for structuring which means they monitor total transactions over a period of time that they feel like the individual is trying to avoid the $10,000 transaction that generates the report.lol
10k is nothing, just generates a piece of paper that nobody cares about
NOTHING HAPPENS ITS PEANUTS
Thank you for chiming in dustyy I appreciate this post.Absolutely terrible advice. Plenty of people care about that "piece of paper". It's called a CTR and the feds are hot on the trail of these bank generated documents. $10,000 is the threshold but banks look out for structuring which means they monitor total transactions over a period of time that they feel like the individual is trying to avoid the $10,000 transaction that generates the report.
Technology has greatly enhanced the ability to track. I attached a link that briefly describes a CTR and when they are generated.
Terrible advice JJ, you shouldn't post misinformation like that. Just trust me on this one, many people care and they are not our friends.
Currency Transaction Report (CTR): Use in Banking and Triggers
A currency transaction report (CTR) is used in the banking industry to monitor and report cases of potential money laundering.www.investopedia.com
Great share!Absolutely terrible advice. Plenty of people care about that "piece of paper". It's called a CTR and the feds are hot on the trail of these bank generated documents. $10,000 is the threshold but banks look out for structuring which means they monitor total transactions over a period of time that they feel like the individual is trying to avoid the $10,000 transaction that generates the report.
Technology has greatly enhanced the ability to track. I attached a link that briefly describes a CTR and when they are generated.
Terrible advice JJ, you shouldn't post misinformation like that. Just trust me on this one, many people care and they are not our friends.
Currency Transaction Report (CTR): Use in Banking and Triggers
A currency transaction report (CTR) is used in the banking industry to monitor and report cases of potential money laundering.www.investopedia.com
Cash app just shut me off. Claiming gambling
Really? How do they know it was gambling? Were you getting Bitcoins? Wow
That’s a fuckin’ pro tip right there thanks for the idea !+1, Please share the details on this Mike.
Been using Cash App since 2015 and haven't had any issues... yet.
Granted, when I did send 500, 1k, or more, would note the transaction for cruise, airfares, Disneyland trip
Unless you're a banker this is horrible advice.It’s still won’t raise flags
Too small
It’s just generates a transaction report just a formality by law
Sounds like a personal problemIt’s still won’t raise flags
Too small
That's for CASH ONLYUnless you're a banker this is horrible advice.
The Bank Secrecy Act is officially called the Currency and Foreign Transactions Reporting Act, started in 1970.
It states that banks must report any deposits (and withdrawals, for that matter) that they receive over $10,000 to the Internal Revenue Service.
Stick to what you are the best in the whole industry , Tennis plays. God BlessThat's for CASH ONLY
Very important distinction
Not for SARs, budIt's CASH in and out you fucking dopes
Brock Landers has all the answers in life though.Not for SARs, bud
This guy hasn’t seen or held 10 k since Hai WIFES book sales flopped.... hia house mate Tyrone r7na the show at brokes houseIt's CASH in and out you fucking dopes