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To: Deguello
Most people know and understand that current Law states that Banks must report any transaction greater than 10K

According to this article, this has now been lowered to $5k? Will we be like Argentina in 5 years?

5 posted on 04/23/2002 8:34:28 AM PDT by miamimark
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To: miamimark
People should return to using cash only. Starve the bastards.
6 posted on 04/23/2002 9:12:01 AM PDT by Melinator
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To: miamimark
"According to this article, this has now been lowered to $5k?"

You are missing as to what "structuring" is. It is currently a felony to give the appearance that one is trying to get around the 10K Law.

To lower the amount to 5K will many more people at risk of having their funds forfeited and having a felony conviction.

10 posted on 04/23/2002 10:55:43 AM PDT by Deguello
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