A large deposit can make people nervous, especially when the amount crosses $10,000. The common assumption is simple: deposit more than that and the bank automatically reports you to the IRS. That is ...

Attorneys and clients should take caution to abide by the Bank Secrecy Act by operating with currency deposits and withdrawals in the normal course of receiving cash, even if doing so results in the ...

You've just deposited a large sum of cash or received an unusually hefty check, and now you're wondering: Will your bank notify the IRS? Many people assume banks keep their transactions private, but ...

Once a helpful tool for law enforcement, CTRs have become next to useless in the fight against money laundering, write Greg Baer and Gregg Rozansky, of the Bank Policy Institute. "Debanking" has ...

Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., have introduced a bill that would raise the mandatory reporting thresholds for filing a suspicious activity report, or ...