Because depositing $9,999 at once and on a regular basis, though legal, will still raise questions and eyebrows. They may not come to you directly in this case since "you're doing nothing technically illegal" ... but that won't stop them from trying to find something.
The point being ... Stay well under the limit and don't let it be the same amount every time.
Unless you have a large cash-slush business (like a car wash or a video game arcade) to hide everything in.
The only reason this was discovered was because an investigative journalist managed to get a seat next to one of their attorneys on a flight and photographed documents in his briefcase while he went to the lavatory. Failing that, the public would have never known.
These were many transactions structured in such a way as to obfuscate what was happening. The Kuwaitis totally had America by the balls, as these were large US companies and a decision to dump would have wreaked havoc.
Because depositing $9,999 at once and on a regular basis, though legal, will still raise questions and eyebrows. They may not come to you directly in this case since "you're doing nothing technically illegal" ... but that won't stop them from trying to find something.
The point being ... Stay well under the limit and don't let it be the same amount every time.
Unless you have a large cash-slush business (like a car wash or a video game arcade) to hide everything in.
The only reason this was discovered was because an investigative journalist managed to get a seat next to one of their attorneys on a flight and photographed documents in his briefcase while he went to the lavatory. Failing that, the public would have never known.
These were many transactions structured in such a way as to obfuscate what was happening. The Kuwaitis totally had America by the balls, as these were large US companies and a decision to dump would have wreaked havoc.