Cash transactions (deposits or withdrawals) over $10K trigger reporting by the bank to the government. The customer does not have to fill out paperwork nor justify the transaction. However, it will raise questions about where the cash came from or is going to--drugs, prostitution, gambling--and the tax man will want to know if income tax has been paid.
I would not doubt she got that $$$ at the club (probably most of it singles to make it rain) and she probably used her card that probably has a humongous limit.
Not that it matters - but there are reporting requirements due to the Patriot act - on amounts over $10k. It is a threshold to limit money laundering - and terrorist financing.
Rihanna seems like a fun girl. I'm sure the dancers love it when she makes it rain in their clubs.
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last commentRihanna likes making it rain. She's a fun chick. Would for her to come to my club and spend thousands on me... I would also like to club with her.
Either way would be fine.
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I'd club with Rihanna.
Let's invite her to the Detroit TUSCL meetup.
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How do you get $15k cash without telling the bank you're dumping it at a strip club?
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^^ what do you mean by that? Do you guys have a daily limit on what you can withdraw, or do you have to justify large withdrawals?
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All cash withdrawals in the US of $10k or more have paperwork to fill out. It's a stupid law that's supposed to catch drug dealers. yeah, right.
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Cash transactions (deposits or withdrawals) over $10K trigger reporting by the bank to the government. The customer does not have to fill out paperwork nor justify the transaction. However, it will raise questions about where the cash came from or is going to--drugs, prostitution, gambling--and the tax man will want to know if income tax has been paid.
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Q: What did the IRS agent say to Rihanna? A: Bitch better have my money.
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Floyd Mayweather is laughing at the effort. "good try"
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Skinny bitches love dem some strippers.
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I would not doubt she got that $$$ at the club (probably most of it singles to make it rain) and she probably used her card that probably has a humongous limit.
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I love me some Rih Rih.
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Not that it matters - but there are reporting requirements due to the Patriot act - on amounts over $10k. It is a threshold to limit money laundering - and terrorist financing.
Rihanna seems like a fun girl. I'm sure the dancers love it when she makes it rain in their clubs.
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