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To: Red Badger

So...just make several $5000 deposits.


15 posted on 04/05/2024 10:00:38 AM PDT by Bloody Sam Roberts (The Truth is like a lion. You don't need to defend it. Let it loose and it woill defend itself.)
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To: Bloody Sam Roberts

You didn’t read the article. That is called structuring and is illegal.


17 posted on 04/05/2024 10:04:39 AM PDT by ArtDodger
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To: Bloody Sam Roberts

Says right there in the article, if you deposit sums of money in such a way as to avoid the creation of records, it’s called structuring, and is illegal


27 posted on 04/05/2024 10:20:00 AM PDT by This_Dude
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To: Bloody Sam Roberts

So...just make several $5000 deposits.

That's called Layering. That will also trigger a SAR.

The Stages of Money Laundering Explained - Alessa

29 posted on 04/05/2024 10:25:28 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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