I do not know how the Patriot Act and the Homeland Security Act
applies, but is should be obvious that when any foreign national tries
to move large amounts of cash, in this case more than $500,000, that
alarms will go off.

Actually the sum is $10,000, and you don't have to be an alien, illegal or
otherwise, to trigger the paperwork.


You are both talking about different things. The $10,000 relates to cash
transactions. Actual greenbacks.

If you walk into a bank, stock broker, etc with 500 $20 bills they have to file
a special governmental form.

Grant Perks

"GrantPerks" wrote in message
...

You are both talking about different things. The $10,000 relates to cash
transactions. Actual greenbacks.

If you walk into a bank, stock broker, etc with 500 $20 bills they have to
file
a special governmental form.

It is even more complicated than that. If a retailer gets 10,000 in cash
than he would normally get in the course of a reasonable period he must
file. Example: You put four thousand down on a car and you use cash, so do
two other people that week, the dealer must report your transaction.

It is even more complicated than that. If a retailer gets 10,000 in cash
than he would normally get in the course of a reasonable period he must
file.

Any freedom loving soul should reject this sort of government regulation with
our lives.

On Tue, 30 Nov 2004 08:08:19 -0500, "StanB"
wrote:


"GrantPerks" wrote in message
...

You are both talking about different things. The $10,000 relates to cash
transactions. Actual greenbacks.

If you walk into a bank, stock broker, etc with 500 $20 bills they have to
file
a special governmental form.

It is even more complicated than that. If a retailer gets 10,000 in cash
than he would normally get in the course of a reasonable period he must
file. Example: You put four thousand down on a car and you use cash, so do
two other people that week, the dealer must report your transaction.

They really get suspicious when customers talk money in terms of
weight ("I'll give you five pounds of twenties").

"Fifiela" wrote in message
...

It is even more complicated than that. If a retailer gets 10,000 in
cash
than he would normally get in the course of a reasonable period he must
file.

Any freedom loving soul should reject this sort of government regulation
with
our lives.

Nah, if I pays my taxes so should they. Misery loves company.

Mike Murray wrote:
On Tue, 30 Nov 2004 08:08:19 -0500, "StanB"
wrote:


"GrantPerks" wrote in message
...

You are both talking about different things. The $10,000 relates to
cash transactions. Actual greenbacks.

If you walk into a bank, stock broker, etc with 500 $20 bills they
have to file
a special governmental form.

It is even more complicated than that. If a retailer gets 10,000 in
cash than he would normally get in the course of a reasonable period
he must file. Example: You put four thousand down on a car and you
use cash, so do two other people that week, the dealer must report
your transaction.

They really get suspicious when customers talk money in terms of
weight ("I'll give you five pounds of twenties").

Weighed wet, or dry?

Any freedom loving soul should reject this sort of government regulation
with our lives. -- Fifiela

Nah, if I pays my taxes so should they. Misery loves company. -- CPA Stan
Booz, from the Enron school of accounting

It is the responsibility of the USCF leadership to keep the money safe, not
the job of government to pass intrusive legislation applying to everyone.

__________________________________________________ ______________
"FIDE has made its decision. Players who refuse to be drug tested will not be
able to play chess." -- Dr. Press, co-founder of the FIDE Medical Commission.