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Old Jan 6, 13, 9:55 am
  #63  
Stubtify
 
Join Date: Jan 2011
Posts: 749
Just want to mention: there is no hard/fast rule as to when a bank can flag you for a SAR (suspicious activity report). Everyone throws around the $10k number; it really should be a $5k number, and the amount is not the only thing that applies. People who are legitimately laundering know about this limit, and do things like deposit $4000 at a time at 20 different banks to get $80,000 into the system.

Some interesting reads about true laundering start on page 26, but the whole document is a good quick read:

http://www.occ.treas.gov/topics/bank...ering-2002.pdf

Basic advice, what any/all of us are doing can look bad to a teller. Can't fault them for that if you get shut down--just make sure to keep your real banking separate from the shenanigans. ADK got shut down at one of his local branches because a new teller thought something smelled funny.
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