If you get caught with more than $10,000.00 cash on you they can take it. That is the law. (Not agreeing with it but it is what it is)
I don’t think this is true. Can you cite a law?
If you take more than $10,000 in cash out of your bank, the government is notified, but that’s all. If this was illegal, the bank would probably be complicit in the crime.
And if having $10,000 in cash is illegal, what about a restaurant deposit. It’s not unusual for a big restaurant to deposit $20,000 to $30,000 in cash after a busy weekend.
If it’s illegal, how do they get it to the bank?
Could police stop an armored car and confiscate their cash because they have more than $10,000? There’s nothing official about an armored car service. They are just a private company.
And I would be willing to bet that the dog would alert on that cash since we’ve heard repeatedly that all cash is contaminated with drugs (cocaine).
I know for a fact that dealers who buy cars at auto auctions will come in with $50,090 to $100,000. These places operate only in cash. No checks, no money orders, no cashiers checks, no bank checks. Just cash.
OK technically it is not illegal until they catch you with it and take it. Then you must prove your innocence.