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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Questions regarding moving money internationally via wire
 
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Kreeblah
May 17, 2004

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davey4283 posted:

I heard that my receiving stateside bank has to report anything over 10k to the irs and homeland security. What's that all about?

I heard theres a monthly cap as well that will get you flagged too.

It's intended to help prevent money laundering, and it's not just limited to transfers from international banks. It's required for intra-US transfers as well. As for a monthly cap, you might have heard people talking about structuring.

* # ¿ Feb 20, 2015 02:10
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# ¿ May 11, 2024 11:49
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Questions regarding moving money internationally via wire