I used to work for a bank - there are several scenarios that could have triggered this - she could have brought $10k, which triggers a report (bank secrecy act) and asked to change the amount of the deposit to avoid the report, which actually makes it much worse.
The bank teller should have provided a brochure regarding the report (currency transaction report, CTR) and why the bank is required to file one.
The banks now have software that analyzes deposits and probably picked up on her cash pattern - which makes sense since she IS a cash oriented business - and the bank filed a suspicious activity report (SAR) on her & reported her to the govt.
This was either going on for a long time or she fought the bank in filing the report to have the IRS come & actually seize her account.
Very frustrating, I agree, and I don’t like it. I never liked that the bank was the “na na” tattletale for the government. Part of why I left the bank.
Just wanted to give some background/perspective. Please don’t think I’m rooting for the IRS!
I don't think it's a "na na" tattle tale attitude - I'm sure the gov thugs told them you help us, or we'll make operating your bank a living hell. This is thugocracy.
I think certain accounting firms are under the same pressure. I switched accountants because my former firm seemed more like IRS narcs than working for me. And maybe they were, under pressure!