Currency Transaction Reports still exist. They were augmented by the addition of Suspicious Activity Reports.
Currency Transaction Reports are for when a customer transacts in over $10,000 of currency.
Suspicious activity reports can be filed at any time, for any amount, and is what gets filed when a customer is suspected of trying to avoid having a CTR filed, among other things.
heres the CTR from 2003, now its become an e-filing apparently.
http://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_017.htmI doubt you even had that much cash in the '80's to know anything about it ... you are just going by what you have read in wikipedia and now .gov links ... yeah, good troll but you are yet another internet book-wise street-fool.
One question - why the anger at me? I'm just telling people stuff to help them cover their own asses. Or would you rather people stay shut up about rules that exist that you don't like, so they can learn about things the hard way?
Of course I didn't have enough money to worry about that back in the 80's. But i was alive during them.
And whether you believe it or not, a big part of my job is actually dealing with banks on a daily basis. And one of my firms clients lost a LOT of money (lots more than most anyone here will ever deal with, I bet) from not doing a CTR. The bank should have notified him, but they didn't (oops) and when the IRS came knocking, after a couple year tussel, he had to turn half of it over to them. Not for doing anything wrong, mind you. The cash was fully 100% documented when it came out of the bank and when it was put back in. But the lack of the paperwork still bit him in the ass.
So. Yell and swear and call me names, but at the end of the day, I'm only try to let people know that there are laws on the books that could cause this sort of thing to harm them. If you think I'm doing them a disservice, well, I don't know what to tell you.
