It can be.
On the other hand, I have known well to do people who liked their lives private. They withdrew cash in $9,000.00 increments and paid for as many things as possible with it rather than check or credit card, just because they didn't like leaving footprints.
In my limited way I do the same. I have avoided having my picture taken for 25 years, except for a drivers license pic that could be anyone. I have kept my fingerprints to myself. I pay cash whenever possible. My assets are in the name of trustees or shell companies.
I am not doing anything illegal, I just don't want anyone looking over my shoulder.
So9
I withdraw $20 a day from by bank account at the ATM. Been doing this for decades. No wonder the Department of Treasury is on to me. I'm clearly avoiding the !0,000 withdrawal filings.