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If you deposit more than 10k in cash, a bank is obligated to inform the Secret Service's money laundering division per the PATRIOT Act. Secret Service has juris
by _asummers 9y ago
If you deposit more than 10k in cash, a bank is obligated to inform the Secret Service's money laundering division per the PATRIOT Act. Secret Service has jurisdiction in a few places you wouldn't expect.
- DrJokepu 9y agoFinCEN is part of the Department of the Treasury, not the Secret Service (which has been a part of the Department of Homeland Security since 2003).
- DINKDINK 9y ago>per the PATRIOT Act You're mistaken. That's the "Bank Secrecy Act" https://en.wikipedia.org/wiki/Bank_Secrecy_Act https://en.wikipedia.org/wiki/Bank_Secrecy_Act FTL: "Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities."