Everyone knows that saving money in the United States can cause big trouble if you are not careful.
 |
| How to avoid being charged with "money laundering" in the United States? |
According to the Bank Secrecy Act (Bank Secrecy Act), if banks and other financial institutions receive a cash deposit of US$10,000 or more from the same person within 24 hours, they need to report Form 8300 to the Department of Treasury for financial crimes Law enforcement (Financial Crime Enforcement Network).
If within 30 days, the bank suspects that the depositor deliberately saves less than US$10,000 each time, it may be involved in money laundering, tax evasion or other criminal activities, the bank must also file a suspicious activity report (Suspicious Activity Report) to the IRS.
How to avoid being charged with "money laundering" in the United States
One thing everyone should know is that every bank in the United States has the right and obligation to report suspicious banking activities of customers, otherwise this employee will face criminal liability. At the same time, banks are not allowed to notify customers that they have been "reported." Therefore, some behaviors that may cause suspicious counter operators should be avoided.
The frequent or large transactions made by customers are inconsistent with past or current business or employment;
Customers deposit less than $10,000 in cash multiple times;
Customers deposit and withdraw less than $10,000 in cash before and after opening the safe;
Many funds are transferred in hundreds of thousands in integers;
Many small sums of funds were transferred out or traded completely or mostly after being transferred from abroad, and were not consistent with the customer's business or history;
Large amounts of funds are remitted from foreign customers without reasonable reasons, etc.
What should I do if I encounter such a thing?
In order to prevent being charged with money laundering crimes, one must prove the legitimacy of the source of funds, and the second must prove the legitimacy of the transaction. To prove the legitimacy of the source of funds, the most important thing is to prove that the funds have been taxed, even if the funds are gifts or loans, it is necessary to prove that they have been taxed.
Support my writings and so that I can continue bring such awesome content for you. You know it take a lot of hard work to write an article. Just a small donation of $10 or more can help me to accomplish to reach a goal i.e. to buy a Car.
https://www.paypal.me/SachinDabodiya
https://www.paypal.me/SachinDabodiya