>Any time you perform a transaction or series of transactions that exceed $10,000 in a fixed time frame, the bank networks flag the activity and notify the appropriate government agency.<
If bank personel suspect that you are involved in money laundering, they may turn you in for a lot less.
Certainly. I've only had transfers like that when I was buying/selling real estate. The point of the monitoring is to look for laundering of drug money and attempts to finance criminal activities. There are probably hundreds of triggers daily that amount to nothing.