[Jeffage]

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Here's the law in the US... If an individual deposits or withdraws $10,000 or more in cash, the transaction must be reported to the Treasury Department. If you purchase $3,000 or more in money orders or traveler's checks, a report will be filed.


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What about a $10,000 check? I pay all my taxes, but still would rather not be on some watch list and an audit target. I also make frequent poker-related EFT transactions. Every one of these over 3k transactions requires a report? What about frequent 2k transactions, etc? I was under the impression that only literal cash transactions (as in depositing or withdrawing large amounts of $100 bills) require a report. Are you saying if I get $4,000 in travellers checks to take to Vegas, a report is filed?

Thanks,
Jeff