In the US it's a felony to deposit/withdraw smaller amounts with the intent to evade the reporting requirements. Given that law, even transactions under the limit could be seen as suspicious, especially if they all happened in a short period of time.
So let the bank generate a SAR and waste some FinCen analyst's time. It's still none of their business why I want cash and I've never heard of any US bank requiring explanations for withdrawals. This isn't comparable.
Not if it's under or at the daily limit, which is exactly what this guy did.
In the US it's a felony to deposit/withdraw smaller amounts with the intent to evade the reporting requirements. Given that law, even transactions under the limit could be seen as suspicious, especially if they all happened in a short period of time.
So let the bank generate a SAR and waste some FinCen analyst's time. It's still none of their business why I want cash and I've never heard of any US bank requiring explanations for withdrawals. This isn't comparable.