Stizzle said:

You can't deposit thousands of dollars worth of cash without arrousing suspicion.

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allreadyused said:

Stizzle said:

You can't deposit thousands of dollars worth of cash without arrousing suspicion.

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Up to $3,000 last time I heard.  It used to be up to $10,000 before it has to get reported.  Changed it for some patriot act ot other terrorism related bullshit.  If you need to pay your bills with illegally generated cash use money orders.  But the same $3,000 rule still applies.  If you need to buy more than $3,000 worth of money orders in one day buy them at different locations otherwise you will have to fill out a form in order to get them.  The up side to the lowering of the ammount is they just drastically incerased the number of transactions they have to investigate which may help you in the long run because there is probobally still the same number of people to investigate the transactions as when it was $10,000.  Making it more likely that more things will slip pass the radar of a burocrat.

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At $3,000 identification and other things relating to you are recorded. At $10,000, you have to fill out paperwork with the IRS and is subject to charge in some cases.

Yoschie99 said:

i've heard of people sending thousands of dollars through the mail using magazines and carbon paper.  Obviously, use the largest bills possible, avoid using overnight delivery, mail with other things (think care package), and take the precautions already taken.

Or, go w/ green dot or money orders or buy a fake ID and western union.

yos-

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Fake ID would still be hard. Whenever sending a transaction over that amount you still have to have your DL/ID and a social security card. It's minimum requirements and cannot be skipped. Plus you still have to fill out a page worth of the 'Cash Transaction Record'

fastfred said:

Noobs... Banks can file a SAR (suspicious activity report) on you for almost any reason regardless of the transaction amount.

I'd have to check, but I think transactions of $1000+ are also reported to the IRS.

Anyways, use money orders. They are the new currency, since you can easily get them in $1000 denominations, unlike cash. Otherwise use something like e-gold, then you're not even tied to the falling dollar.


-FF

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Quote:

Under 12 CFR 21, national banks are required to report known or suspected criminal offenses, at specified thresholds, or transactions over $5,000 that they suspect involve money laundering or violate the Bank Secrecy Act. Similar regulations by other regulators apply to other financial institutions.

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