re: Let's talk money laundering

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The 10,000 cash reporting act set up back around the Reagan administration is much more invasive than it used to be. I have been flagged for way less including a refund check by the US Treasury for around 2,500. Tellers are more invasive and question things often as litter as a few hundred dollars. Even tho it was a US Treasuryt check they kept asking me where I got it and what its was for. Had a bunch of small bills another time I wanted to exchange for nice new 100 dollar bills (500 dollars total) and the teller kept asking me where I got it. All I wanted to do was give it to some workers as a bonus at Christmas.

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The CTR requirement goes back to 1970 through the Bank Secrecy Act - so well before Reagan. That said I do agree that AML requirements are much more strict than they were from 70s-early 2000s. As part of the Title III of the USA PATRIOT Act AML regulations were increased significantly, and have continued to increase through various additions by FinCEN since then.

That said your bank much not be too bright or are incredibly bored. A $2,500 check from the US Treasury should have raised 0 red flags. Also exchanging small bills for larger ones if the total was only $500 also shouldn't have raised any alarm. I think you just have a bank that is bored.