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They're often required by those laws not to inform you of the laws...
by pstrateman 7y ago
They're often required by those laws not to inform you of the laws...
- roblabla 7y agoPlease back extraordinary claims with evidence. From where I live, there is nothing in the law that says the bank must leave you hanging dry in case they detect fraud. If it’s different elsewhere, I sure would like to see concrete proof of it.
- zonethundery 7y agoIf you make a large cash transaction, the teller is not supposed to tell you they are filing a Currency Transaction Report (CTR). If you ask about the CTR threshold and then change your transaction size, the teller is then obligated to file a Suspicious Activity Report (SAR). Both CTRs and SARs are reported to Treasury. It's not about fraud, it's about money laundering. They often look like the same thing.