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money laundering (1 viewing) (1) Guest
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TOPIC: money laundering
#925
jpol (User)
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money laundering 7 Months, 1 Week ago Karma: 1  
what is the limit on cash deposits into a bank? I know the bank requires you to fill out a form when you deposit over certain amount of $. Someone said $3k
 
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#930
Sumo (User)
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Re:money laundering 7 Months, 1 Week ago Karma: 6  
Anything over $11,000.00 you have to fill out the IRS form. Government always has their nose in everyone's business.
 
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#931
Lex (User)
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Re:money laundering 7 Months, 1 Week ago Karma: 0  
also, there is a limit of $3k cash which can be used to purchase a cashiers check.
 
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#1618
Sumo (User)
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Re:money laundering 3 Months, 1 Week ago Karma: 6  
Actually, anything over $10,000 requires disclosure to the IRS. Government is trying to track what you do with your money to protect "national security"!!!!!
 
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#1653
laurie (User)
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Re:money laundering 3 Months ago Karma: 0  
Money laundering is taking money that has not been taxed or earned from illegal means and trying to clean it. I'm not sure why money that is "clean" needs to be scrutinized?

I think the government is trying to track all money in general. Thats why people invest in offshore accounts!
 
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#1655
Micky B (User)
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Re:money laundering 3 Months ago Karma: 0  
the gov't is always trying to track money clean or not. the point is they want to catch money launderers, but they also want to make sure they are not missing out on any tax money as well. people that get paid in cash and so forth. so just because its clean does not mean there is not a purpose for the gov't not to track the money, they want their piece of the pie.
 
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