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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (241500)3/11/2008 2:04:31 PM
From: Alan Smithee  Respond to of 793990
 
So my bubba example is wrong

Correct.

Now, if Bubba is a drug dealer, and he has $10,001 to deposit, and he makes deposits of $3,000, $3,000 and $4,001 into his bank account on three separate days, he's likely guilty of structuring, and if the bank would be required to file a CTR and/or a SAR on ol' Bubba.

My buddy who's done the white collar tax work tells me the CTR rules have been in place since the 1980s, when they were first put in place to deal with drug dealers.


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