Pro@programming.dev to Technology@lemmy.worldEnglish · 1 day agoSleeping beauty bitcoin wallets wake up after 14 years to the tune of $2 billionwww.morningstar.comexternal-linkmessage-square42fedilinkarrow-up1276arrow-down111
arrow-up1265arrow-down1external-linkSleeping beauty bitcoin wallets wake up after 14 years to the tune of $2 billionwww.morningstar.comPro@programming.dev to Technology@lemmy.worldEnglish · 1 day agomessage-square42fedilink
minus-squareRememberTheApollo_@lemmy.worldlinkfedilinkEnglisharrow-up26·20 hours agoBtw, banks will flag multiple transactions of $9,999 even if the reporting threshold is $10k USD. Structuring to avoid the $10k reporting requirement is well known and no guarantee of remaining under the radar.
minus-squareKairos@lemmy.todaylinkfedilinkEnglisharrow-up2·8 hours agoThe feds also like to criminally prosecute people if they do transactions that can be construed to be avoiding the reporting limit.
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up11·20 hours agoNot even that close. They’ll flag any recurring fairly large transactions under 10k.
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkEnglisharrow-up3·19 hours agoI’m unfamiliar as I’ve never had such. What counts as re-occuring? Is two payments always considered re-occuring?
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up3·17 hours agoIt can be, if they’re fairly close in time and total just past 10k. Every bank has their own algorithm and they try to ride the line between catching criminals and not having too many false positives.
Btw, banks will flag multiple transactions of $9,999 even if the reporting threshold is $10k USD. Structuring to avoid the $10k reporting requirement is well known and no guarantee of remaining under the radar.
The feds also like to criminally prosecute people if they do transactions that can be construed to be avoiding the reporting limit.
Not even that close. They’ll flag any recurring fairly large transactions under 10k.
I’m unfamiliar as I’ve never had such. What counts as re-occuring? Is two payments always considered re-occuring?
It can be, if they’re fairly close in time and total just past 10k.
Every bank has their own algorithm and they try to ride the line between catching criminals and not having too many false positives.