From: "Robert G Lewis" 

They have expanded the rules for reporting to the Treasury.  It's no longer
just the 10,000 cash rule. Multiple smaller deposits can also trigger a
report , wire transfers etc. I suspect you would be surprised at how much
the banks are watching and reporting ( I was ). Not only cash
transactions but also suspicious activity. Also the definition of financial
institution has expanded. Just taking a casual look at some of the rules on
the US Treasury site made me wonder how any small bank could know, much
less follow all the regulations

ALL of the variations of this particular story seem to tie back to one
story so I'm very leery of its accuracy.



"Gary Britt"  wrote in message
news:440d59f6{at}w3....
> Paying a credit card balance off isn't a cash transaction, unless an idiot
> takes cash down to the issuing bank to try and make the payment.
>
> The story is a fraud.  Cash transactions at a bank over 10k are reported
> to
> the IRS not the FBI and NSA.
>
> Gary
>
> "Mark"  wrote in message
news:440ca5f7{at}w3....
>> Yea, the practice doesn't surprise nor offend me, in fact, 30 years ago I
>> went to make a cash deposit of $2K on a Saturday morning at the bank's
> drive
>> thru. They double checked the bills and looked at me suspiciously, that
> long
>> ago $2K was a lot more than today, so I volunteered that it was straight
> out
>> of the parimutual windows at the track the night before and they relaxed.
>>
>> Anyway, I'm sure some of the story is true, but got twisted up by the
>> reporter. For example a college co-ed was murdered in NYC last week, as
>> it
>> turned out former VP candidate Geraldine Ferraro owns a building that may
> be
>> the murder scene.
>>
>> She was on Fox and the Fox host read a passage from one of the newspapers
>> about a secret entrance to the building and wanted to know why she has a
>> secret entrance  She says, there's no *secret* entrance,
there's back
>> door that no one uses, but has a breaker bar for emergency exit. And goes
> on
>> to say she gave the police full warrantless access to help them solve the
>> case faster.
>>
>> I guess it makes the story read more interesting with *secret* doors.
>>
>>
>> "Dave Ings"  wrote in message
news:440c9c37$1{at}w3....
>> > Given it's been routine (and mandatory) for decades for banks to report
>> > cash transactions over 10K it's hardly a stretch to believe that this
> sort
>> > of regime has been put in place. The one bit I found hard to swallow
>> > was
>> > that posting of the transaction was delayed pending
"permission" from
>> > Homeland Security. That did not ring true to me.
>> > --
>> > Regards,
>> > Dave Ings,
>> > Toronto, Canada
>> >
>> > "Gary Britt" 
wrote in message
>> > news:440c8ee2{at}w3....
>> >> Bullshit, just like the student who falsely claimed agents came to
>> >> talk
>> >> to
>> >> him because he supposedly ordered some commie book for school.
>> >>
>> >> You actually fall for this crap?
>> >>
>> >> Gary
>> >>
>> >> "Dyana"  wrote in
message news:440c422e{at}w3....
>> >>>
> http://www.shns.com/shns/g_index2.cfm?action=detail&pk=RAISEALARM-02-28-06
>> >>>
>> >>> Pay too much and you could raise the alarm
>> >>>
>> >>> By BOB KERR
>> >>> The Providence Journal
>> >>> 28-FEB-06
>> >>>
>> >>> PROVIDENCE, R.I. -- Walter Soehnge is a retired Texas
schoolteacher
> who
>> >>> traveled north with his wife, Deana, saw summer
change to fall in
> Rhode
>> >>> Island and decided this was a place to stay for a while.
>> >>>
>> >
>> >
>>
>>
>
>

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