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(The Year 2012 In Review)
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|User Info||How Do You Spell "Pulitzer"?; entered at 2012-05-09 08:55:57|
Registered: 2009-01-03 24091
For individuals, transfers above $10,000 (or a series of transactions just below $10,000) are required to be reported by banks for anti-money laundering purposes.
I don't think that's correct. My understanding is that reporting is only required for transactions involving physical cash.