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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (222358)	3/6/2005 11:47:27 AM
From: i-node	Read Replies (1) \| Respond to of 1577030

Auditors don't decide who gets audited; if, in the course of an audit, they see something that makes them thing another entity needs auditing, their managers will be informed and there is a process for determining whether that should happen. If a person buys a house with cash for more than $10,000, a CTR is required which puts IRS on noticed that a transaction involving at least $10,000 cash occurred. Most people of reasonable intellect are not going to buy a house for cash if it is traceable to drug money. When you buy a house, the transaction is subject to inspection years down the road. When you're laundering money, you want to get the transaction done quickly and quietly in a way that is not subject to review. Like buying casino chips and cashing them. But in amounts less than $10,000, as most casinos are relentless about filing CTRs.