> 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.
[...]
>> 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.
Jim Choate quipped:
> That's pretty math.
Thank you.
> Did you make it up?
Not at all. All in (among other places) the Congressional Record.
Specifically, from Ron Paul's testimony before the Senate Banking Committee
last year. The stats are all over the place if your motivated enough to
look. ABA maintains similar statistics, perhaps with even more detail,
having always opposed CTR reporting requirements as too expensive for its
members for too little gain. Go a little deeper, say into the Justice
Department's budget figures and disclosures for justification of their
expenditures and you get the stats for expenditures in prosecuting all money
laundering cases.
Any other questions?
