Never mind about the $10,000 CTR trap---beware of the $5,000 SAR trap
Gamblers, FYI:
"The filing of suspicious activity reports by casinos is an important tool in the fight against money laundering and other unlawful activities,
The SAR legislation was implemented Oct. 16, 2000, when it adopted regulations requiring all casinos to file a report for any suspicious financial transaction over $5,000. It maintains a database of all the SARs submitted by the casinos. To date, more than 1,300 SARs have been referred to it for possible investigation."
I quote the above to inform you guys of the SAR trap. I surely don't want any paperwork coming thru my mail box by the law enforcers. Not that I've done anything illegal, I just don't want any negative paperwork!
