Hacker News new | ask | show | jobs
by TEP_Kim_Il_Sung 1380 days ago
Has this amount ever been adjusted for inflation?

It is my understanding, that $10,000 at the time this law was set, was about ΒΌ the price of a small home.

1 comments

No. Also, there were several recent articles/speeches from various AML/BSA/Fraud folks to lower that amount even further for several purposes including CTR. For better or worse, BSA has become its own industry with a lot of money riding on keeping things annoying to regular people ( and barely doing anything to stop actual criminals, who have skills, patience and resources to bypass all the safeguards ).