Suspicious Activity Reports to the IRS when buying or depositing money orders.
Apr 17, 2013, 3:16 pm
#151
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
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Posts: 4,820
Apr 17, 2013, 8:12 pm
#152
Join Date: Apr 2011
Posts: 2,055
Yeah, I figured that but thought maybe I could tell by their response. Any suggestions on how to avoid them for MO's? I was eDepositing my MO's and also in another CU's ATM. I feel like if I deposit in person I will be better off, however, my CU is in another state. I'll probably join a local CU just for CA's and MO's in addition to Chase. Thoughts?
Apr 17, 2013, 8:15 pm
#153
Join Date: Apr 2011
Posts: 2,055
Apr 17, 2013, 8:57 pm
#154
A FlyerTalk Posting Legend
Join Date: Sep 2002
Location: LAX/TPE
Programs: United 1K, JAL Sapphire, SPG Lifetime Platinum, National Executive Elite, Hertz PC, Avis PC
Posts: 42,205
Structuring transactions in order to avoid reporting requirements is a federal crime that could result in forfeiture of all money involved and a felony conviction (with possible jail time). And before you say it, it does not matter if the money was legally obtained. Do NOT do this. Do NOT talk about doing this. This is not legal advice, I do not represent you.
I stand by my assertion that if an agent of the government thinks what we're doing is illegal, they can plant one on my behind.
Apr 17, 2013, 11:09 pm
#155
Join Date: Sep 2006
Programs: United: 1K
Posts: 390
Structuring transactions in order to avoid reporting requirements is a federal crime that could result in forfeiture of all money involved and a felony conviction (with possible jail time). And before you say it, it does not matter if the money was legally obtained. Do NOT do this. Do NOT talk about doing this. This is not legal advice, I do not represent you.
It isn't a crime to structure money order deposits.
It isn't a crime to structure money order purchases that weren't made with currency as there are no reporting requirements for purchases not made with currency.
That Walmart makes reports that aren't required by law doesn't mean it is illegal to avoid triggering those reports.
Apr 18, 2013, 6:58 am
#157
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
The moral of the story is don't be stupid. Color within the lines and respect the fact that our activity can look suspicious, even if legal. Make it transparent so your business associates - WalMart, bankers, etc. don't turn on you. Daring anyone to FR or SAR you is simply not a sound business decision.
Apr 18, 2013, 9:57 am
#158
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
The moral of the story is don't be stupid. Color within the lines and respect the fact that our activity can look suspicious, even if legal. Make it transparent so your business associates - WalMart, bankers, etc. don't turn on you. Daring anyone to FR or SAR you is simply not a sound business decision.
Apr 18, 2013, 10:01 am
#159
Join Date: Jun 2012
Location: New England
Programs: American Gold, Marriott Gold, Hilton Silver
Posts: 5,640
It isn't a crime to structure transactions to avoid a SAR.
It isn't a crime to structure money order deposits.
It isn't a crime to structure money order purchases that weren't made with currency as there are no reporting requirements for purchases not made with currency.
That Walmart makes reports that aren't required by law doesn't mean it is illegal to avoid triggering those reports.
It isn't a crime to structure money order deposits.
It isn't a crime to structure money order purchases that weren't made with currency as there are no reporting requirements for purchases not made with currency.
That Walmart makes reports that aren't required by law doesn't mean it is illegal to avoid triggering those reports.
Probably not, but they may suspect you of using a stolen credit card.
Apr 18, 2013, 1:39 pm
#160
Join Date: May 2012
Posts: 168
Unless you really are doing something wrong. In that case, do what you gotta.
Apr 18, 2013, 2:01 pm
#162
Join Date: Apr 2013
Programs: UA MPE, BA Blue, AA, IHG Plat Amb, Marriot Silver, HHonors Silver, National Exec, Avis First
Posts: 553
Do you have any idea how many of those things are filed a day? And do you know how many people are audited every year? You probably were last year and didn't even know it. Again, you're not doing anything wrong. Chillax.
Unless you really are doing something wrong. In that case, do what you gotta.
Unless you really are doing something wrong. In that case, do what you gotta.
Better yet, what were all of the details pertaining to each case on WHY the SARs were filed, and what was the outcome (if any) on all those SARs and audits? Inquiring minds want to know... ^
Apr 18, 2013, 2:26 pm
#163
Join Date: Apr 2010
Location: LAX
Posts: 546
doesn't apply directly to what we do..but a good read http://walmartsucksorg.blogspot.com/...ist-money.html
Apr 18, 2013, 7:33 pm
#164
Join Date: Apr 2011
Posts: 2,055
Asset forfeiture does not violate the Constitution if you are afforded Due Process, which only requires notice and a hearing. As it is normally a civil procedure the standard of proof does not have to be beyond-a-reasonable-doubt, or anything close to it.
Don't worry, I am sure they will be happy to oblige you.
Apr 18, 2013, 9:30 pm
#165
Suspended
Join Date: May 2010
Posts: 2,998
doesn't apply directly to what we do..but a good read http://walmartsucksorg.blogspot.com/...ist-money.html
Well it's sure nice that the Walmart Cops didn't charge him with a felony
