Quote from: bitserve on January 31, 2020, 01:45:59 AM

Quote from: vapourminer on January 31, 2020, 01:34:21 AM

ive moved have surely caught the banks attention as any individual transfers over 10,000 USD get flagged. and i dont try to hide them (called layering? i forget. theres a term when avoiding hitting the 10k limit, like 9700, 8500 etc). so i do 10k on the dot chunks.

It's called smurfing/structuring.

Yeah, be very careful not to do it, as that adds even more risk for being tagged and reported. Multiple periodic under-the-limit (whatever it is in your country) transfers would rise all the flags.

Also, it is completely different to send/receive money from a "well-known" exchange (which most banks should have no issue with)... than to make multiple "undocumented" CASH deposits into the bank account and/or make/receive bank transfers to unknown individuals.

true, dat. come in with 10 grand cash and im sure someone will be wanting to talk to you as well as people lined up after that one.

at some point way back i had told them about coinbase and this account would mostly be an on/off ramp for btc. of course the fact that whenever i cashed out anything large i would cash out ~15 percent extra and stick it the bank CDs or something there for a year or whatever. that covered taxes and im sure they didnt mind holding on to it.

been lucky perhaps? but the bank seems awful fond of me for whatever reason.