Originally Posted by thehawk75
I hope to help overwhelm the bureaucracy with excess data in hope to emphasize the the fact that CTR's do not catch actual money launderers, but just erode law abiding citizens privacy.
I wish I could agree with you, but I used to work for a quasi-government agency and used to file SARs each and every day, so I can say with a good deal of certainty that I have more than average knowledge in the area. And though you may be right in that CTRs themselves don't capture a good deal of criminals, SARs do. Because so many folks are worried about having the CTR filled out, they evade the law and instead have SARs filed on them because of their suspicious looking activity. That's when the investigations begin.