This article initially appeared here: https://fraudinsights.fnf.com/vol18iss05/article3.htm
The Bank Secrecy Act (BSA) was enacted to help combat money laundering through the requirement of reporting cash transactions exceeding $10,000. In order to avoid assisting in money laundering or other fraudulent activities, it is important to remember the motto: One disbursement per payee.
Below are some examples of evasion techniques:
In one example, a man who had completed several construction projects involving homes for sale convinced the settlement agent to reduce any payments due him to less than
