This has been the law in the US for a long time already. Not exactly illegal, but any cash transaction $10k+ legally requires federal documentation. This gets at what people misunderstand about crime and money laundering. Money laundering=paying taxes. Once you are making real money “under the table”, you have to find ways to pay taxes, if you want to be able to buy cars/houses/etc
This has been the law in the US for a long time already. Not exactly illegal, but any cash transaction $10k+ legally requires federal documentation. This gets at what people misunderstand about crime and money laundering. Money laundering=paying taxes. Once you are making real money “under the table”, you have to find ways to pay taxes, if you want to be able to buy cars/houses/etc