Torvy
Super Member
They will look at smaller deposits of cash ($600) now. You are probably on at least one watch list. The OCC and about 4 other agencies require banks and bank employees to rat you out, even if they don't find it themselves. They will audit the bank every year or two and ask why the bank didn't report the obviously suspicious patterns. Banks (I am using the term loosely here meaning financial institutions) set up lots of controls and have lots of training to catch this sort of thing. Or, more accurately, keep the regulators off of their backs.
The only way you might have avoided this is to deposit in various banks. Whatever you do will look suspicious to people who are tasked with finding suspicious activity. A SAR (suspicious activity report) will likely be filed.
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The only way you might have avoided this is to deposit in various banks. Whatever you do will look suspicious to people who are tasked with finding suspicious activity. A SAR (suspicious activity report) will likely be filed.
What Is Money Laundering?
Money laundering allows large amounts of money generated by a criminal activity appear to have come from a legitimate source.
