Ctr

[Rainmaker]

Why do APs wish to avoid these? I am changing banks. Will carrying a cashier's check from one to the other generate one?

[bigplayer]

There is no reason to want to avoid one for the sake of avoiding one, in fact doing so is a crime in and of itself called "Structuring". A check is not cash and thus does not generate a CTR unless you cash it or buy the check with cash.

Advantage players often play anonymously or under an alias and to CTR would require them to provide their real identity and Social Security number which would sort of defeat the purpose of playing anonymously or using an alias. So AP's refuse to buy-in for more than the daily limit and hold a quantity of the previous sessions chips to make sure that they don't need to generate CTR's. I suggest you pick up a copy of "Blackjack and The Law". To provide themselves with proof that their purpose is not to evade federal reporting laws, many AP's will intentionally CTR at their bank and at casinos where they are known when protecting their identity is not an issue. There are literally thousands of CTR's filed by banks and casinos each year and once filed they are never seen or heard of again unless needed during some investigation for another crime.

[Rainmaker]

There is no reason to want to avoid one for the sake of avoiding one, in fact doing so is a crime in and of itself called "Structuring". A check is not cash and thus does not generate a CTR unless you cash it or buy the check with cash. Advantage players often play anonymously or under an alias and to CTR would require them to provide their real identity and Social Security number which would sort of defeat the purpose of playing anonymously or using an alias. So AP's refuse to buy-in for more than the daily limit and hold a quantity of the previous sessions chips to make sure that they don't need to generate CTR's. I suggest you pick up a copy of "Blackjack and The Law". To provide themselves with proof that their purpose is not to evade federal reporting laws, many AP's will intentionally CTR at their bank and at casinos where they are known when protecting their identity is not an issue. There are literally thousands of CTR's filed by banks and casinos each year and once filed they are never seen or heard of again unless needed during some investigation for another crime.

That answers that. P.S. I did not mean 'why do APs structure their transactions'