Re: [infoguys-list] take it to the bank - Doesn't wash
- Customer's don't know it, but any bank examiner would know that a key part
of this story is missing. While no customer ever sees it, ALL cash
transactions involve cash out credits and cash in debit slips - that is how tellers
balance their records.
Note that this has nothing to do with bcurrency transaction reporting
requirements - it is the way that banks track the flow of cash within the
institution. On a cash deposit over $5000, there could easily be other documentation
If a teller gives you $6,000, she gets that money from her drawer and fills
out a "cash out credit" slip that explains where that money went (they call it
a credit slip because it offsets the money spent). If she receives 6000
cash, she will put that cash in the drawer along with a "cash in debit" that
offsets it for balancing purposes.
No bank I have ever subpoenaed records from did it differently - I don't see
how they could and stay compliant with FinCEN.
While it may be true that large numbers of cheques are not counted - that is
entirely consistent with my experience - the notion that 6000 cash came or
went without an accounting for the currency is completely inconsistent with the
policy of any US Bank.
I don't know who is trying to go where with this but I could take this
nonsense apart if they need the help.
Bill E. Branscum, Investigator
PO Box 10728
Naples, FL 34101
(239) 304-1640 Fax
Illegitimi non carborundum
[Non-text portions of this message have been removed]