FlyerTalk Forums - View Single Post - Spending $250K for Centurion, How About IRS? Large Cash deposits out of your league?
Old Aug 15, 10, 10:45 pm
  #24  
alanh
 
Join Date: Apr 2005
Location: PHX
Posts: 3,796
Originally Posted by Centurion View Post
The OP would not owe sales tax. The OP would not be credit card factoring. The OP would have to worry about his bank filing SARS.

But I WOULD REALLY WANT TO KNOW WHY MY FRIEND HAS SO MUCH CASH AND WHERE IT CAME FROM.
That would be my question too. If he can pay the merchants directly in cash, why does he need you? Whenever unnecessary steps are introduced into a payment chain, it starts sending up money laundering red flags.

That doesn't always mean there is money laundering going on, there could be another explanation. But you should know what the explanation is.
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