LBC Bank deposits, will I get audited?

Last two weeks ive been steady making approx $1000-2000 bank deposits for bitcoin on LBC, the bank I use checks my ID, but they arent sus at all and it usually takes like 30 seconds and I got my receipt. My question is, is my name/information stored and will this have any financial repercussions on me after I hit the 10k threshhold accumulated from different deposits? I used to steady use western union all the time when I was under $1k but after i hit the 1k mark like 80% of the time bitchass western union fraud protection blocked my shit because all the good WU vendors in lbc are in 3rd world sketchy countries.

Any info is appreciated thanks.


Comments


[8 Points] None:

[deleted]


[6 Points] Throwawaydreamonion:

Not audited but they might suspect that you're a criminal or some sort if you keep it up long term


[5 Points] tinyphilosopher:

Idk bro that's a good question but i suggest trying walmart to walmart instead of western union it works well for me and occasionally there will actually be a good deal on walmart to walmart


[3 Points] CrookedHillary2017:

That's a reasonable amount of money, but i think larger amounts are flagged. However, if you are regularly depositing cash, you might be investigated


[3 Points] mrfloridamolly99:

Switch up bank locations


[2 Points] None:

[deleted]


[1 Points] penguinmixer:

Have you considered buying bitcoins using cash by mail instead of cash deposits? That can be much more anonymous if proper procedures are used.


[1 Points] MSAurelius:

I've always wondered what's the safest, most convenient way to move about $1K of BTC into cash through LBC.


[1 Points] Neutral_User_Name:

Look up about "structuring" of even better "smurfing". They do have algorithm to catch it (ex.: deposit size, intervals, constant growth in deposit). Be smart.


[1 Points] nocturnallyBiNaRy:

Generally. You won't get audited for ML for any thing <1 mil, they won't waste their time. However tax evasion is another offense, and can quickly become an ML offence of they find out the origin of the money. Yeah man, you need to lookup what you can on "structuring" a critical step in ML, it is dividing funds for distribution (incoming/ougoing) through various means for depositingredients money safely. They generally consist of Corp bank accounts located offshore. But I think the worst that could happen is youreally forced to pay taxes or if you open a business and use that as a pretext to your financial activity (gathering investments/paying suppliers/etc...) for the new business and write them off as expense


[-2 Points] None:

They don't add up all your deposits until you hit $10k then run an audit. LOL

Careful tho. They will seize all your moniez.

If you really want to keep them off your back. Pay taxes.