This has been going on for a long time but really accelerated after 9/11. Banks are required to report to the Feds any transaction exceeding $10,000. Anyone who wants to make cash transactions is assumed to be involved in criminal activity. Now go look up Civil Asset Forfeiture to find out what happens if law enforcement catches you with a large amount of cash.
I would think the writer would have already known about the requirements of a $10,000 transaction. He doesn’t reveal the amount he wished to withdraw. If the bank was out of bounds regarding anything less than $10,000.00, he should have done what a previous poster said - CLOSE THE ACCOUNT.
I wish he had supplied the outcome.
“”Now go look up Civil Asset Forfeiture to find out what happens if law enforcement catches you with a large amount of cash.””
Stories about this used to be on the news a lot. Not so much anymore - is it still going on and just kept quiet?
Triggers for SARs now start at $5,000, and in some cases there is no bottom limit. https://www.fdic.gov/regulations/examinations/supervisory/insights/siwin07/article03_connecting.html#:~:text=Dollar%20Amount%20Thresholds%20%E2%80%93%20Banks%20are,and%20transactions%20aggregating%20%245%2C000%20or
Because conservative white Christians are considered terrorists by the FBI. https://judiciary.house.gov/media/in-the-news/jordan-demands-answers-wray-after-leaked-fbi-memo-suggests-agency-may-be