Daily Caller Reporter Breaks Down House Republicans’ ‘10% For The Big Guy’ Smoking Gun

[HARK!]

Whether it did or it didn't, the form of your syllogism is faulty.

Ipse dixit.

 

[HARK!]

Sporfle. It's awfully kind of those drug lords to report their movement of giant stacks of cash to the banks.

What do you suppose a negotiable instrument might be?

What Is a Negotiable Instrument? ​

Common examples of negotiable instruments include personal checks,



IOW, when you "write a check" you are purchasing a negotiable instrument with the cash in your account.

Cash is not defined as personal checks drawn on the account of the writer.

Form 8300

Form 8300 is a document that must be filed with the IRS when an individual or business receives a cash payment over $10,000. Businesses that deal in large cash transactions are required to report all

www.communitytax.com

Well, well, another wild goose chased down.

Sporfle!

 

[essentialsaltes]

Cash is not defined as personal checks drawn on the account of the writer.

That's an IRS form that taxpayers fill out to send to the IRS; that has nothing to do with a Suspicious Activity Report that banks fill out about the activities of their clients.

SAR

For Bank Secrecy Act/Structuring/Money Laundering reports, include the following additional information:
l Indicate whether currency and/or monetary instruments were involved. If so, provide the amount and/or description of the instrument (for example, bank draft, letter of credit, domestic or international money order, stocks, bonds, traveler’s checks, wire transfers sent or received, cash, etc.).
m Indicate any account number that may be involved or affected.

 

[HARK!]

That's an IRS form that taxpayers fill out to send to the IRS; that has nothing to do with a Suspicious Activity Report that banks fill out about the activities of their clients.

SAR

For Bank Secrecy Act/Structuring/Money Laundering reports, include the following additional information:
l Indicate whether currency and/or monetary instruments were involved. If so, provide the amount and/or description of the instrument (for example, bank draft, letter of credit, domestic or international money order, stocks, bonds, traveler’s checks, wire transfers sent or received, cash, etc.).
m Indicate any account number that may be involved or affected.

Personal Checks: Not There

 

[essentialsaltes]

Personal Checks: Not There

"for example .... etc."

 

[MotoToTheMax]

If so, provide the amount and/or description of the instrument (for example, bank draft, letter of credit, domestic or international money order, stocks, bonds, traveler’s checks, wire transfers sent or received, cash, etc.).
m Indicate any account number that may be involved or affected.

Personal Checks: Not There

 

[HARK!]

"for example .... etc."

The post you responded to already debunked your response.

 

[MotoToTheMax]

The post you responded to already debunked your response.

The form you linked is for individuals and businesses, as in virtually everyone. The SAR is for specifically for financial institutions. Literally two different things. This is now the 2nd person telling you this basic info for a 2nd time.

 

[HARK!]

The form you linked is for individuals and businesses, as in virtually everyone. The SAR is for specifically for financial institutions. Literally two different things. This is now the 2nd person telling you this basic info for a 2nd time.

Common Patterns of Suspicious Activity​

Some of the common patterns of suspicious activity identified by the Financial Crimes Enforcement Network are as follows:

• A lack of evidence of legitimate business activity (or any business operations at all) undertaken by many of the parties to the transactions(s)
• Unusual financial nexuses and transactions occurring among certain business types (for example, a food importer dealing with an auto parts exporter)
• Transactions not commensurate with the stated business type or that are unusual compared with volumes of similar businesses operating locally
• Unusually large numbers and/or volumes of wire transfers, repetitive wire transfer patterns
• Unusually complex series of transactions involving multiple accounts, banks, and parties
• Bulk cash and monetary instrument transactions
• Unusual mixed deposits into a business account
• Bursts of transactions within short periods, especially in dormant accounts
• Transactions or volumes of activity inconsistent with the expected purpose of the account or activity level as mentioned by the account holder when opening the account
• Transactions attempting to avoid reporting and recordkeeping requirements.

What Is a Suspicious Activity Report (SAR)? Triggers and Filing

The Suspicious Activity Report (SAR) is a tool provided under the Bank Secrecy Act for monitoring suspicious activities not ordinarily flagged under other reports.

www.investopedia.com

Which transaction must the financial institutions report on a SAR?​

The financial institutions must report the following kind of transactions on a SAR:

• Structuring transactions, for example, an altered transaction to avoid BSA recordkeeping requirements or to avoid Currency Transaction Reports (CTR) requirements
• Transactions by known or suspected terrorist or terrorist organization
• Money laundering transactions
• Tax evasion transactions
• Any other transactions which indicate a financial crime

28 Most Asked Questions about Suspicious Activity Reports (SARs) - ScanWriter

This article answers 28 most asked questions about Suspicious Activity Reports (SARs). Get all your questions answered around SARs.

personable.com

 

[Pommer]

Common Patterns of Suspicious Activity​

Some of the common patterns of suspicious activity identified by the Financial Crimes Enforcement Network are as follows:

• A lack of evidence of legitimate business activity (or any business operations at all) undertaken by many of the parties to the transactions(s)
• Unusual financial nexuses and transactions occurring among certain business types (for example, a food importer dealing with an auto parts exporter)
• Transactions not commensurate with the stated business type or that are unusual compared with volumes of similar businesses operating locally
• Unusually large numbers and/or volumes of wire transfers, repetitive wire transfer patterns
• Unusually complex series of transactions involving multiple accounts, banks, and parties
• Bulk cash and monetary instrument transactions
• Unusual mixed deposits into a business account
• Bursts of transactions within short periods, especially in dormant accounts
• Transactions or volumes of activity inconsistent with the expected purpose of the account or activity level as mentioned by the account holder when opening the account
• Transactions attempting to avoid reporting and recordkeeping requirements.

What Is a Suspicious Activity Report (SAR)? Triggers and Filing

The Suspicious Activity Report (SAR) is a tool provided under the Bank Secrecy Act for monitoring suspicious activities not ordinarily flagged under other reports.

www.investopedia.com

Which transaction must the financial institutions report on a SAR?​

The financial institutions must report the following kind of transactions on a SAR:

• Structuring transactions, for example, an altered transaction to avoid BSA recordkeeping requirements or to avoid Currency Transaction Reports (CTR) requirements
• Transactions by known or suspected terrorist or terrorist organization
• Money laundering transactions
• Tax evasion transactions
• Any other transactions which indicate a financial crime

28 Most Asked Questions about Suspicious Activity Reports (SARs) - ScanWriter

This article answers 28 most asked questions about Suspicious Activity Reports (SARs). Get all your questions answered around SARs.

personable.com

Very informative…what has it to do with the topic?

 

[HARK!]

Very informative…what has it to do with the topic?

You might try reading the article linked in the OP.

 

[Pommer]

You might try reading the article linked in the OP.

Yes, I have already, please connect the dots; I am very bad at doing someone else’s thinking. (I can hardly handle my own!)