notsoerudite
Region: US
Tuesday 28 October 2025 23:55:53 GMT
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The Guardian Temple :
the transactions in question are reports that must be filed when a 10k transaction is. there's another report where in, if there's even a little suspecian, you file it anyway. meaning they could pass the bill, and banks will still likely flag all transactions over 10k
2025-11-02 01:08:57
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notsoerudite :
I'm so proud of these smart informed commenters
2025-11-03 20:06:38
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Marty Davis :
I worked for banks during W presidency and we had CTRs and SARs. They have nothing to do with hard-working Americans and everything to do with money laundering. And if they think banks care about the middle class, I would love to show them my incentive forms I used to have to fill out and how much more incentive there was to get people with millions of dollars new things than there was to get any regular Joe to sign up for a checking account .
2025-11-01 03:08:46
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whataintacountry :
I mean, I'm on both sides of this one, but Emily gets the fundamentals wrong. CTRs have existed since the Bank Secrecy Act was passed in 1970 and it's threshold was set at $10,000.01 (adjusted for inflation is $85k today). It made sense in 1970, considering the use of cash and the intent to track proceeds of organized crime, but in 2025, it's a form that doesn't offer a lot of value to law enforcement and commonly serves to catch people structuring their cash transactions to avoid the CTR. While that's criminal, it's not doing much to go after the bigger fish who engage in bulk cash smuggling.
2025-10-31 12:20:38
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