I'm looking for someone very familiar with US banking practices and what raises red flags. I have been cashing checks made out to cash and then depositing the cash at a different ATM.
The amounts are always less than $5k. Am I breaking any laws or establishing any type of pattern that the bank/law enforcement will pick up on?
I have done as much of my own homework as possible before posting this on Reddit, hope the community has some definitive answers!
Do you have a legal source of income to help justify these deposits? Also you are "structuring" these deposits which raises red flags. Smaller amounts deposited in a certain amount of time to hide a large deposit can raise just as much suspicion as a 10k deposit. Source: Brother is a teller at a bank