Fund Transfer

[njsteve]

[ QUOTE ]
I was moving cash from the safe in to the checking account every few weeks and asked my banker to make sure that I stayed under the radar.
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Chris
1967 Yenko Stinger YS-199
Southeast of Disorder

[/ QUOTE ]

Guess what! What you did right there was an automatic trigger for a SAR "suspicious acitivity report" to be filed by the bank. If your banker did not fill out the reports, he can face serious consequences for hiding the info, even though there was no criminal intent to hide anything. It is a mandatory reporting requirement for anyone making large deposits or attempting to circumvent the reporting of large deposits.

[Woj]

I have a friend that worked in the "big brother" department at a Federal level and was one of the guys checking those transactions. Last he mentioned (a few years ago), it was still a 10K trigger that got your name and transaction amount on a list. He reviewed these lists looking for patterns and criminal activity. If you are on the up and up, I'd say you have little to worry about.

Phil Woj.

[Rick Cell]

Check this site for Canadian legislation
http://www.fintrac.gc.ca/