[Ann Archy]

CASH?? WHERE IS THE SUSPICIOUS BANK RECORDS?

[frank ballenger]

True.

Everyone is supposed to be in organized crime if they use $10,000 in cash.

“The Internal Revenue Code (IRC) provides that any person who, in the course of its trade or business, receives in excess of $10,000 in cash in a single transaction (or in two or more related transactions) must report the transaction to the IRS and furnish a statement to the payer.”

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FINANCIAL CRIME & FRAUD DEFINITIONS M - Z
What Is a Smurf and How Does Smurfing Work?
By ADAM HAYES Updated June 30, 2021
Reviewed by JULIUS MANSA
What Is a Smurf?
A smurf is a colloquial term for a money launderer who seeks to evade scrutiny from government agencies by breaking up large transactions into a set of smaller transactions that are each below the reporting threshold. Smurfing is an illegal activity that can have serious consequences.

Current bank regulations require banks or other financial institutions to report cash transactions exceeding $10,000—or any others they deem suspicious—on a suspicious activity report (SAR).
From Investopedia.

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I think the law’s revision added “everyone with the exception of a Biden must follow this law.”

[stanne]

“ CASH?? WHERE IS THE SUSPICIOUS BANK RECORDS?”

Bidens don’t need no steenkin records. They are above the law.

[gibsonguy]

imagine this was a Republican.

[Maris Crane]

If a bank was involved in that transaction, you are correct, Ann Archy, there should have been a Suspicious Transaction form filed.