Stores where MS activity is going on or has gone on, there is no way, they can not know because of the shear volume involved, it goes on successively for quite some time. If that's case you would think they would have filed lot more SARs across the country, but we don't see that. Unless they have but nothing happened when FINCEN looked into it and or we have no way of knowing whether they have filed or not.
Retailer have nothing to lose (other than time) by filing than not filing so you would think they would error on the filing side. Repercussions for not filing for retailers is high. |
Has their been any negative consequences in the past for folks who routinely purchase large quantities (>$3k per visit) of MOs and fill out a CTR each time, either at USPS or WM?
Say you had a store where you can easily offload $5-8k of MOs a day no problem. Should you just fill out the forms and do over $3k each time, or spread it out just to avoid the hassle and potential "eyes" into your account? |
Confidentiality of FinCEN SAR's
Bloomberg: Who Leaked the Cohen Bank Report? It May Not Be Secret for Long
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Originally Posted by noassumptions
(Post 29766444)
Could it be it was just an MS scheme gone awry? Just imagining how much time Mr. C spent in line buying all those MO's for Stormy. Hope he got points.
https://www.bloomberg.com/news/artic...-may-come-soon Maybe he can trade all his MP (Manufactured President) points for a pack of cigarettes or two when he's in prison! :) |
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Needed to buy money orders at the PO for a legitimate reason, but was over the 3K limit, so out came the form....not that my penmanship is that great on a good day, but with the rush of getting it done as the post office was closing, the form was nothing but illegible chicken scratch, and with the online data entry system which the postal clerk uses to input the form data not working, they needed to mail the form in - no way anyone will figure out what's written on there, even though the answers are legally truthful.
So, if you have a handwriting "problem", this might help avoid future tracking issues with filing these forms. |
Probably not a good idea to have your ssn anywhere in a binder in some walmart... who knows what could happen.
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Originally Posted by CDO
(Post 29774476)
Probably not a good idea to have your ssn anywhere in a binder in some walmart... who knows what could happen.
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Originally Posted by Mamibear
(Post 29774501)
with the advent of eMSARs, the reliable YV associate told me these are faxed to Bentonville HQ at the end of the day, they have done away with physical binders.
There's still a small window of risk while they have the paper copy at hand, but definitely much smaller of a risk than the paper copies being there for a long time, especially considering the typically high turnover rate of employment at the places we buy MOs. |
Whenever going over the 10k, 20k within 90 days at my local bank, I always get extra scrutiny on the transaction that pushes it over the line. Should I be worried about SARs or an incoming IRS audit?
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Originally Posted by msp3
(Post 32037369)
Whenever going over the 10k, 20k within 90 days at my local bank, I always get extra scrutiny on the transaction that pushes it over the line. Should I be worried about SARs or an incoming IRS audit?
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10k of deposits wiithin 90 days is chump chnage.
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Originally Posted by msp3
(Post 32037369)
Whenever going over the 10k, 20k within 90 days at my local bank, I always get extra scrutiny on the transaction that pushes it over the line. Should I be worried about SARs or an incoming IRS audit?
|
Originally Posted by msp3
(Post 32037369)
Whenever going over the 10k, 20k within 90 days at my local bank, I always get extra scrutiny on the transaction that pushes it over the line. Should I be worried about SARs or an incoming IRS audit?
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