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Message: <blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1660628" data-attributes="member: 12570"><p>A point which has yet to be discussed is what are the responsibilities, if any, of the bank teller(s) during these transactions?  I know that they are required to report transactions of $10K or more but are they under any obligation to report numerous transactions of just under that amount performed on the same day? I ask because that is exactly what happened near one of our local Indian reservations. The tribal chief was engaging in money laundering and directed someone from his office to make numerous deposits of just under $10K on a daily basis.  The clerk(s) became suspsicious, reported these to their manager who in turn alerted the authorities.  The tribal chief was found guilty of money laundering, among other charges.</p></blockquote><p></p>