Comment on Title
Redjard@reddthat.com 2 weeks agoStructurization.
I know someone who worked in a software company that developed algorithms and systems for banks and gambling to detect these.
Comment on Title
Redjard@reddthat.com 2 weeks agoStructurization.
I know someone who worked in a software company that developed algorithms and systems for banks and gambling to detect these.
sp3ctr4l@lemmy.dbzer0.com 2 weeks ago
Yep.
Literally pulling out $9,999 instead of $10,000… that in and of itself is a crime, even if you’re not actually doing anything funny with it.
42firehawk@fedinsfw.app 2 weeks ago
Not necessarily, it’s a crime to deposit 9999 instead of 10 and not report. When I worked at a bank anyone who knew what they were doing and deposited 8-9k in cash got the form. People who found out and then did anything else? You get a form. People who walk out? They get a surprise notice from the fbi later.
Basically if the bank thinks you might be close we just give you the form and you don’t get to say no anymore.