Quote:
Originally Posted by Duke CT
I wonder if something/what happens after a certain amount of cash outs that are over three grand. Will they assume you are some kind drug dealer who is laundering money?
Simple. If you withdraw amount that require ID, and you provide it, they will file CTR (Currency Transaction Reports) on you and file them with FinCEN, as required by law. Maybe you get quietly and secretly investigated, though I doubt it. Then nothing else happens.
If you try to hide it, it is also simple. They will notice, and begin to file SAR (Suspicious Activity Reports) on you, as required by law. They don't care what it looks like, only that they are required to do it or face substantial penalties. Then you will probably also be secretly investigated, and if they find anything worth bringing you in for, they can do so, and lean on you for having committed structuring violations. Enjoy.