In a message dated 12/4/2007 4:20:38 A.M. Pacific Standard Time,
Potter: writes:
The CTR process is a relatively normal one -- large cash transactions
are unusual these days, but hardly rare, and regularly arise in
business. The reporting is intended to flag illicit activities such
as unreported income, drug dealing, and terrorist funding, among
others -- all of which won't have any corresponding matching
documentation filed such as reported income or quarterly tax filings
Potter's correct as usual it was passed as anti-drug legisation
and that's were it's been most effective not in any other use or tie in
to the IRS.
Why does somebody need a 100000 in cash to conduct business ?
The number one answer is not to bankroll a session of
videopoker at the Bellagio.
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