Pro@programming.dev to Technology@lemmy.worldEnglish · 2 days agoSleeping beauty bitcoin wallets wake up after 14 years to the tune of $2 billionwww.morningstar.comexternal-linkmessage-square24fedilinkarrow-up1221arrow-down112
arrow-up1209arrow-down1external-linkSleeping beauty bitcoin wallets wake up after 14 years to the tune of $2 billionwww.morningstar.comPro@programming.dev to Technology@lemmy.worldEnglish · 2 days agomessage-square24fedilink
minus-squareRememberTheApollo_@lemmy.worldlinkfedilinkEnglisharrow-up26·2 days agoBtw, banks will flag multiple transactions of $9,999 even if the reporting threshold is $10k USD. Structuring to avoid the $10k reporting requirement is well known and no guarantee of remaining under the radar.
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up9·2 days agoNot even that close. They’ll flag any recurring fairly large transactions under 10k.
minus-squareLifeInMultipleChoice@lemmy.worldlinkfedilinkEnglisharrow-up3·2 days agoI’m unfamiliar as I’ve never had such. What counts as re-occuring? Is two payments always considered re-occuring?
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up3·1 day agoIt can be, if they’re fairly close in time and total just past 10k. Every bank has their own algorithm and they try to ride the line between catching criminals and not having too many false positives.
Btw, banks will flag multiple transactions of $9,999 even if the reporting threshold is $10k USD. Structuring to avoid the $10k reporting requirement is well known and no guarantee of remaining under the radar.
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Not even that close. They’ll flag any recurring fairly large transactions under 10k.
I’m unfamiliar as I’ve never had such. What counts as re-occuring? Is two payments always considered re-occuring?
It can be, if they’re fairly close in time and total just past 10k.
Every bank has their own algorithm and they try to ride the line between catching criminals and not having too many false positives.