On Sat, 4 Mar 2000, Black Unicorn wrote:
> This was and is rather expensive. Each CTR (currency transaction report)
> costs a bank between $5 and $25 to process. From 1987-1996 U.S. banks filed
> more than 77,000,000 million Currency Transaction Reports at a cost to
> consumers of over 1.2 billion dollars. Between 1987 and 1996 because of
> CTRs alone 7,300 defendants were charged in 3,000 money laundering cases.
> 580 were convicted. This represents a CTR only cost of 2.06 million dollars
> per conviction. In these cases 18 million dollars was seized. 8 million
> was eventually forfeited. That's $150 dollars spent in CTRs to appropriate
> a single dollar of "evil" money. Those are just the stats for CTR related
> laundering cases.
That's pretty math.
Did you make it up?
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