Related: The $10,000 reporting threshold in the US has not been updated since the 70s. There have been multiple bipartisan attempts to update it to $20-30k (wh

Related: The $10,000 reporting threshold in the US has not been updated since the 70s. There have been multiple bipartisan attempts to update it to $20-30k (which is still half of what it should be according to CPI) but for some reason they have not gone anywhere. Most CTRs are basically spam at this point. A lot of people are seeing that the current BSA system incentivizes filling out SARs on everything possible to absolve yourself of liability instead of providing actionable intelligence but no one wants to change anything because they will look "soft" on crime/terrorism/Russia/whatever nonsense. Something like 95%+ of SARs don't result in any sort of criminal referral which is a pretty bad false positive rate in my view.