How Much Cash Is Considered Suspicious? [Solved]

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How Much Cash Is Considered Suspicious? [Solved]

The $10,000 Rule Ever wondered how much cash deposit is suspicious? The Rule, as created by the Bank Secrecy Act, declares that any individual or business receiving more than $10 000 in a single or multiple cash transactions is legally obligated to report this to the Internal Revenue Service (IRS).

FinCEN Video on Suspicious Activity

Training Video of FinCEN on

What is a Suspicious Activity Report or SARs

Learn more from the Payments Professor.

AML/CFT Awareness – Identifying Suspicious Transaction (Red Flags)

Are you a reporting institution (RI) under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities …