The amount doesn't matter. You are purposely breaking up a large transaction into many smaller ones to avoid ANY reporting. If you're trying to even avoid the cage keeping track of them is still structuring. You'll find out the hard way sooner our later.
Back up this statement with a link.Originally Posted by ShipTheCookies
Email: [email protected]
Shipthecookies, are you saying if I play short sessions and cash out after each session, I’m “structuring” and doing something illegal? If that’s the case, then there are a lot of people (APs and ploppies) throughout our country doing illegal things.
When you say, we’ll find out the hard way sooner or later, can you give me a more defined timeline on when the hammer is going to come down. I never knew playing short sessions and cashing out after each session was illegal until your post.
If your total winning from 0:00 to 23:59 exceeds $10K and did not cash out at the same time or report it on your last trip to the cage that date, it is illegal.
Some casinos choose 3K or 1K threshold to record your name then do the addition for you. Normally 3K or 1K threshold is sufficient enough to avoid some people from structuring. They can still use camera to catch people who visit cages 20 times to cash $500 each.
The best way is not to win over $10K each date. Otherwise just report it. Don't try to outsmart US government. The casinos have nothing to do with this matter. They don't use the opportunity to collect AP's name. Otherwise, they are messing with US government, too.
Last edited by BJGenius007; 05-17-2019 at 10:42 AM.
3 points, valid within Canada and certainly in most jurisdictions.
1. The 24 hour 10 k limit is not necessarily is not necessarily a calendar day, but rather a defined 24 hour period, especially true in most jurisdictions where casinos are not open 24 hours.
2. I have (certainly not in all cases) successfully refused to give ID on cashouts exceeding 3K. The argument is - if it is lawful to provide ID (10k threshold), no problem, however, if it is simply a matter of casino policy to do so, my privacy trumps their policy. Hold your ground.
3. Cumulative cashouts exceeding 10k within whatever the defined 24 hour period is, requires ID.
CTR has nothing to do with winnings - you're mistaking a CTR for a W2-G. You can buy $11,000 in chips and cash them out at the same window and they have to generate a CTR.
Same thing at your bank. You can withdraw $10,000 in cash and deposit it a moment later and a CTR will be generated.
They (casino or bank) is not reporting winnings, they're reporting a cash transaction.
They can all ask, but that doesn't means you have to give it. Most casinos I play at ask, but will settle for a name. Just give them an alias. I treat it like a request for a card, with a no thank you. Tell them your spouse doesn't knew you're here, you're technically in the area for work, the price of tea in china is too high, whatever. Just be polite and firm, give them a name and leave. You can always get gaming involved, but your goal is to be quickly forgotten and that would be remembered.
A friend says they didn't ask for ID when I bought these chips, so I'm not giving it now.
Along those lines, try to only get black chips in smaller casinos. The same casino that cashes out 20 black chips ofent balks at four purple. In larger venues, never get yellow.
Posting Permissions
Reply With Quote
Bookmarks