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originally posted by: Domo1
Good. Suspicious activity should be reported by banks.
OP I'm interested to read more, but the link you provided was in the text that you quoted, and I doubt The Wall Street Journal would quote itself. Could you give us the link where you read this? I clicked the link, but I don't have a subscription to TWSJ, so I was unable to read the full article.
This smacks to me of some site that caters to conspiracy theorists and easily riled dumbasses by quoting snippets of content and drawing outlandish, click-bait articles.
Saying that the government is going to steal your money if you withdraw over $5k is ridiculous, even after reading the quoted portion in the OP.
Saying that banks are forced to report it seems a bit odd, the way I read the SNIPPET posted made it seem as if banks were required to report SUSPICIOUS activity after a certain dollar amount. So if someone never takes out a large amount of cash, or is suddenly rich and starts taking out a ton of cash, it may be of concern.
it might cause a run on banks and have people start emptying accounts. Depending on their level of irritation that is.
when banks report THEIR OWN SUSPICIOUS ACTIVITY, then I have no problem with them reporting "mine".
originally posted by: JourneymanWelder
originally posted by: Autorico
In Canada I believe it's $9,999. That goes for deposits as well.
wow so i guess anybody that wins the lottery is a terrorist!