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To: DesertRhino

They already report every transaction over $10K.


20 posted on 09/27/2021 9:31:57 AM PDT by WMarshal ("Those who would give up essential liberty, to purchase a little temporary safety, deserve neither.")
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To: WMarshal

“They already report every transaction over $10K.”

I had to get approval from the bank branch manager to with draw $2,000. in cash. Guy wanted than amount IN CASH for the boat I was buying from him. Moved several Ks to another bank.


26 posted on 09/27/2021 9:38:51 AM PDT by DOC44
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To: WMarshal
They already report every transaction over $10K.

Presently, the reporting is on a single transaction. They propose to total and report at the 10k threshold OVER A WHOLE YEAR.

In other words, pretty much every bank account everywhere.

64 posted on 09/27/2021 12:01:26 PM PDT by Lazamataz (I feel like it is 1937 Germany, and my last name is Feinberg.)
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