Quote:
Originally Posted by Sly
Payments of $10,000 are reported to the FBI, unless they dropped that? I think low numbers like $3000 would trigger way too many reports.
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Required reporting
$10,000
may be FBI
$5,000.00 is IRS
Lower dollar amount to homeland security on single money transactions/wires.
My old college roommate is H.L.S. and told me himself. Which is how I even know this bullshit. I simply can't remember the under $5k amount, which was my guess when he asked me about it. But it was a lower dollar amount and it let to a long discussion.
The point being, the U.S. bank/financial institution has every right to ask you about your accounts, and money, especially when it is raising a flag or out of what they consider 'the norm'.