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Has this amount ever been adjusted for inflation? It is my understanding, that $10,000 at the time this law was set, was about ¼ the price of a small home.
by TEP_Kim_Il_Sung 4y ago
Has this amount ever been adjusted for inflation?
It is my understanding, that $10,000 at the time this law was set, was about ¼ the price of a small home.
- A4ET8a8uTh0 4y agoNo. Also, there were several recent articles/speeches from various AML/BSA/Fraud folks to lower that amount even further for several purposes including CTR. For better or worse, BSA has become its own industry with a lot of money riding on keeping things annoying to regular people ( and barely doing anything to stop actual criminals, who have skills, patience and resources to bypass all the safeguards ).