It doesn't "imply" tracking transactions rather specifically says they aren't going to track transactions. From your own quote: > The IRS wouldn't receive deta

It doesn't "imply" tracking transactions rather specifically says they aren't going to track transactions. From your own quote: > The IRS wouldn't receive details on individual transactions but, rather, gross yearly totals. The banks will just have to provide a total account breakdown, e.g.: John Doe 2022 - Account 1 Report: $10,000 to foreign banks, $6,000 received in cash, $3,000 sent to John Doe Account 2.