NZ Darknet Market Forums
Nexus Market
nexusaaso5kxt75bigvtixw63dot3mnthl3pwqxg4d6tlj5yfqjuviid.onionMGM Grand Market
duysanj6lge7vfis24r4zkqrvq6tq4xknajk2wdrne2wgx5hpr5c3tqd.onionTorZon Market
torzonoxqu4kibxr6yjxangdondtzupzba5hhdiakjdkczyiqhdmhgad.onionAbacus Market
abacus5m27pzz3i6cfh7cg7tjt43lkiur6gjqjrwym2avv4uvgfmabad.onionDarknet Bible
Dark.fail
Darknet Market education and discussion
You are not logged in.
- Topics: Active | Unanswered
#1 2020-08-23 03:30
- xxmedusaxx
- Member
- Registered: 2020-08-23
- Posts: 1
How Does Law on Banks Reporting $10,000 deposits work
As above is this only for 1 transaction or will they still report if the total adds up to $10,000 within a certain time period eg. 12 months
#2 2020-08-24 12:30
- alicethecamel
- Member
- Registered: 2019-09-02
- Posts: 41
Re: How Does Law on Banks Reporting $10,000 deposits work
Mandatory reporting for cash transactions >10k for any business (or banks) required to report to AML.
1 July 2018 for lawyers, conveyancers, and some trust and company services
1 October 2018 for accountants and bookkeepers
1 January 2019 for real estate agents.
Large cash transactions <10k may fall under the Suspicious Activity Reporting Requirements and still be reported.
Read this:
https://www.police.govt.nz/sites/default/files/publications/suspicious-activity-reporting-guideline.pdf
Disclaimer: I work for a bank.