re: Let's talk money laundering

quote:

---

quote:
deposit it from those ATM that accept cash deposits so you don't have to talk to a teller.


Do you realize how many times you would have to do this?

---

Most banks have transaction and daily limits on how much cash you can deposit through an ATM. Some even have monthly limits. That said even if we ignore the limits of depositing through an ATM, it also ignores the fact that the Bank's transaction monitoring systems are going to go nuts when your account suddenly increases by $20MM without explanation.