Comment on What if a billionaire wants to help you?
litchralee@sh.itjust.works 1 day agoSuspicious Activity Reports (SARs) in the USA are made to track both potential tax evasion and money laundering. This is where the $10k cash “limit” comes from, but SARs can/should be filed for higher amount that create suspicion.
Someone depositing a check for multiple times their lifetime transactions total would absolutely create suspicion on themselves, especially if it was a personal check. But if it were a business check from “ABC Mortgage Escrow”, that’s probably legit but a bank clerk is well within their rights to flag it.
spongebue@lemmy.world 1 day ago
Exactly. Staying with OP’s hypothetical situation, potential investigation on its own does not mean it can’t happen. It just means there may be an extra step behind the scenes, very possibly without either party’s knowledge anything even happened. More importantly, if the benefactor insists on some dodgy payment method that’s an even clearer sign of BS because a normal bank doesn’t give as much of a shit as OP lets on