There seems to be some confusion here between CTRs, SARs and FinCEN declarations at borders.
To my understanding, there is a huge number of CTRs created. In casinos, for example, any transaction of over $10,000 (or sum of multiple transactions over 24 hours) generates a CTR for the gambler. If you sell a car for $10,000 cash - IIRC, you should file a CTR - etc. etc. CTRs have to do with money transferring hands, nothing to do with transport of money.
CTRs are usually generated for you (well, with your name on them...) by the bank, the business, the casino etc. - and SARs definitely so - whereas currency declarations when crossing international borders are dependent on you taking the initiative.
D.
Originally Posted by
LuvAirFrance
http://theeconomiccollapseblog.com/a...h-transactions
Yeh, so this doesn't say CARRYING the cash is a crime (not yet), but it does leave a question: How do you carry it without getting it? I know in our training we learn about structuring, how people reach the $10k level with a series of transactions.
And nothing I've seen (or read here) seems to refute the notion that if you start doing this, you're name will be on a watch list of suspects who may be engaged in illegal activities. And why not? There certainly is no longer any need to carry big wads of cash around. The first guess law enforcement will make is "wants to do a lot of business without a paper trail". Fugitives often take that route. Deadbeat dads do. And even the occasional honest person. It certainly is eccentric in an electronic society. Oh, and I suppose rightwingers arming to fight the government may be doing that, too.