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Please 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
by roblabla 7y ago
Please 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.