Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site bnl.UUCP Path: utzoo!linus!philabs!sbcs!bnl!stern From: stern@bnl.UUCP (Eric Stern) Newsgroups: net.flame Subject: Re: Cash =? Criminality Message-ID: <337@bnl.UUCP> Date: Sun, 29-Jan-84 11:38:29 EST Article-I.D.: bnl.337 Posted: Sun Jan 29 11:38:29 1984 Date-Received: Tue, 31-Jan-84 03:31:42 EST References: <1255@ittvax.UUCP> Organization: SUNY StonyBrook Lines: 14 I believe that in the US, all large (> $10,000 ) deposits must be reported to some central authority by the banks. The rational behind this, was that people who engage in certain criminal activities such as drug dealing tend to collect large amounts of cash. I am told that not long ago, it was not uncommon for people to walk into Florida banks, and deposit really prodigious amounts of cash. Of course this strategy really doesn't help when dealers get smart enough to spread the deposits amoung many accounts so that none are over the limit. Eric G. Stern Suny StonyBrook