Why wouldn't it be true?

"The Monetary Instrument Log (MIL) must indicate cash purchases of monetary instruments, such as money orders, cashier's checks and traveler's checks, in value totaling $3,000 to $10,000, inclusive."

https://en.wikipedia.org/wiki/Bank_S...d_transactions

If a person does $2,999 to avoid the $3,000 requirement, then the bank will probably file a SAR on that person.

"The SAR must report any cash transaction where the customer seems to be trying to avoid BSA reporting requirements by not filing CTR or MIL."