➡ The federal government and banks are closely monitoring cash transactions to prevent illegal activities. Previously, transactions over $10,000 were reported, but now even transactions as low as $200 can trigger a suspicious activity report. This change is due to an increase in fraudulent activities and the government’s desire to track money more effectively. However, this could impact people who frequently use cash or send money to other countries, as their activities may now be flagged as suspicious.
➡ A new law in New York, effective from March 2026, will limit cash transactions to $20, meaning businesses won’t have to accept cash for purchases over this amount. This could impact people who rely on cash for their transactions, including those who send money abroad or pay bills in cash. The law could also lead to restrictions on ATM withdrawal limits and purchase amounts. This change is seen as a disadvantage for cash-based workers and those who prefer cash transactions.

Hi, I’m Dan. Welcome back to I Allegedly, and I’ve got a good one for you today, because the feds and your bank are in cahoots to watch all of your cash transactions right now. Like, subscribe, let’s get right into it. The magic number for cash transactions to be reported was $10,000. This was part of the Bank Secrecy Act of 1970. And if you did a $10,000 transaction, which think about this in 1970, it was a ton of cash. $10,000 was a huge, huge number back in 1970 when Richard Nixon was president.

Now, with that being said, the idea with this was to stop people from committing crimes, doing nefarious activity, illegal activity, you know, selling things that were bad, the life, avoiding taxes, everything. Well, what happened since this time is we’ve had different things throughout the world that have changed. When Donald Trump became president, this, there was a problem with what they call remittance, and that was money sent to different countries. The two largest remittent countries in the world, yes. Number one is India, number two is Mexico. The majority of this money is sent from two states here in the United States.

One is California, where I’m standing, and one is Texas. Things have changed, so much so that they started to crack down on this. But what’s happened over the course of the last month is with all the fraud that has been explained, was in Minneapolis and Ohio for that matter, it’s made this come to the forefront of the Department of Treasury. So what did they do? They’re cracking down on people that do quick cash transactions. Then you can simply go, Dan, I don’t do cash transactions for $10,000. Well, the number for cash transaction was lower to five grand, and what it does is it triggers a report called a suspicious activity report that gets reported to the feds.

You don’t know about it. It doesn’t, hey, listen, Dan, you’ve taken out cash three times this week, we’re going to report you to the IRS. It’s not like that. The suspicious activity report gets said to the Fed, and then your account gets flagged. Now, here is the thing, the majority of the money that gets sent around the world doesn’t get sent through your bank. You know, and again, people do legitimate wire transfers, and they do legitimate payments and things like that all of the time. There’s also businesses that deal with cash all of the time, but the idea with this is that if you own an Italian restaurant and you’re feeding people and you’re successful, well, you can have, you know, $4,000 for the cash in a day, that type of thing.

That’s not a bad problem to have. The idea with this is that why does John keep bringing cash in? Why does he keep putting it in or taking it out and transferring? So it’s beautiful, because what they’ve done with Minneapolis is they’ve gone to people and they’re starting to look at individuals. There is a reason that they’re doing this because they’re going to start arresting people in a big, big way, and it’s crazy. So if you know anybody that does anything with cash a lot, the threshold has been lowered.

Listen to this number, $200, $200 can flag a suspicious activity report. Now I was trying to think, what’s the last time it took $200 out of the ATM? Oh yeah, a week ago Thursday, and I just went shopping and bought stuff and bought rosier food and all that stuff and, you know, went and bought some stuff for the car and, you know, just garbage. I mean, it was like literally I had to think about where that money went. The thing about this, this is a lot of people out there that think, oh I don’t have anything to do with this, it’s not me, I don’t do cash transactions.

They don’t want us to have cash, guys. We’ve talked about this to where we’re blue in the face, where they don’t want us to have cash. They want everything to be online and have digital currency so that they can track us. We all know that, but the myth of $10,000 is gone. The problem with what the feds have just done, and in our last video we talked about how they’re going down and they’re going to, the IRS is going after these people, the feds are going after these people. As I talked to more and more people over last weekend about what this does, the accountants that reached out to me, my gosh, these business, it’s funny, if you have a legitimate business and you have legitimate expenses, you can justify everything.

Invoices, payments, patterns that you have, but if you’re a scammer and you go out and you’re not legitimate, it’s going to be more and more difficult, but the feds are on to this and there are patterns with that too. So much so that you’re going to get audited and they’re going to audit your brains out and go through everything, because what it’s going to do is give them a spider web of nefarious and illegal activity, but the problem with it is the $10,000 is a big, $10,000 was the big problem.

Now it’s small transactions. If a person goes in three and four times a week and gets out cash, why are you doing that? Why don’t you use a debit card for that? Now, recently I had a debit card at my bank’s that the little chip popped off and I couldn’t use it and somebody said, don’t swipe this, don’t put it in an ATM because it’s going to pop out and then you’re going to be stuck. So I had to order it, it was about ten days to get a new card sent out, but that happens, stuff like that happens and they know it.

What they’re looking for is a patterning and structuring. You people that go out there and send money back home to my mom, you got a problem because they’re looking at you. Now you can sit there and say, it’s my money, I can do whatever I want with it. What they don’t want to do is have people of their taxes. They don’t want people to get their check, cash their check and send it off. They don’t want that to happen. The structuring is the world where people go out and I know what I’ll do, I’ll get nine thousand dollars here, six thousand dollars there, five thousand dollars here and before you know it, you have 20 grand taken out of the account.

No, they’re starting to get onto that and they’re watching you like you wouldn’t believe. Oh my gosh, it’s very satisfying to see this because they’re catching up to these people. You know, $9,500 taken out of account once, boring, bank doesn’t care about that. What they want is they want to pattern. But most of these people have accounts with the different Western unions and things like that to transfer money. Now that none of that’s illegal. None of it’s illegal. It’s what you’re doing and what you’re using the money for. That’s the problem and gosh, the real weapon is these suspicious activity reports.

They’re starting to come in, you know, a big deal. There was so much fraud that’s happened over the last few years and when the new administration came in, you know, you can call them, oh, how they’re cracking down. They hate Mexico. You guys can sit there and say that all you want. But the idea with this is that it’s going to go to all 50 states right now. That’s where I’m moving with this. Is that you’re going to be able, you’re not going to be able to do this. Money that leaves the country from all of these different platforms that people have used, those are being scrutinized more than ever and they’re going to start getting all of your information, your name, your address, photo ID.

Oh, you know, you better be able to justify who you are. It’s not just going to be able to say, I want to send money from here to there. So that’s done guys. They want to stop tariff financing, cartels, you know, sanction evasion, tariff evasion, human trafficking and fraud proceeds. They want to stop all of this and the idea with this is that when you look at places like the kids schools and all the stuff that we’ve just learned, they’re going to crack down on all this stuff. And we know about this, you know, understand this.

The $200 thing, people can sit there and go, Dan, you’re crazy. That’s not it. Nope. If you live in a high-risk area, which I am in, they can scrutinize you. Now, the problem with this is that it was California and Texas. Okay. If you live in one of the border communities also, which I live in Southern California, about 75, 80 miles to the border. So yeah, yeah, I’m close enough. Well, that stretched up to Los Angeles now, which guys look, look at them now. Los Angeles is not a border town.

Now when you go to Minneapolis and all these other cities, oh my gosh, it just gets worse and worse and worse because they’re starting to go down. And the IRS agents that they’re hiring to look at this stuff, they’re going deeper and deeper and deeper. So, you know, the number of the amount of money is not the point. You know, I always tell people, what’s your limit for your ATM? You know, their banks and get their ATM limits sit to $3,000. Or are these guys drug dealers and, you know, or is it John the accountant that wants to have access to a cash in an emergency? You know, again, banks are not your allies.

These guys are working against us to report all this stuff. You know, cash-based workers, you guys are the most at risk right now if you deal with this. Now, there was a law that was passed, and the law that was passed was designed to make it so that they had to have cash transactions. And New York was going to be at the forefront, the state of New York. We’re going to be at the forefront. We’re going to demand that people accept cash at these businesses. And originally, think about this number.

It was going to be for transactions for $500 or less. Well, that makes sense. You know, I want to go to walk in and buy something and be able to pay cash for it for $500 or less. You know what the state of New York settled on? Listen to this number. It goes into effect in March of 2026. $20. Huh? So, if you have a transaction over $20, they don’t have to take your cash in New York State now. $20. $20. $20. Kathy Hochul, who’s an imbecile, a complete imbecile, has never ran a business.

This is helping, you know, people that live by a cash system be able to pay for bills. What’s $20, guys? It’s, what, a couple of sodas and a bag of chips? Think about them. It’s ridiculous. So, because of the fraud that has been perpetrated in all these states, I’ve turned around because of the lawnmower guy. It’s going to get worse. So, share this with anybody that sends money out of the country or pays bills or does anything with cash. Now, I have met so many people. I’ve met farmers. You know, Dan, I buy livestock and I get them healthy and sell them.

Okay? Well, that guy’s getting looked at. And the idea with this is they’re going to start bringing in the transaction limit, too, on your ATM, on your purchases, on what you sell. That’s coming to a theater near you. So, get ready. Get ready, get ready. With all good fraud comes more back down. So, just a quick little video this morning. It’s freezing out here, by the way. It’s got to be in the low 60s right now. Gosh, I should have a scarf on. Like, subscribe, make good choices. You want to get a hold of me? Temporarily, I allegedly at Gmail and I’ll see you real soon.

Reach out with any questions or anything. But read the stories below because they’re great. They’re fascinating. But I’m telling you, for those of you that deal with any cash or don’t deal with cash very often and all of a sudden you want to take money out of the ATM, you’re gonna think twice about doing that from now on. Because nobody wants this. Nobody wants this. Good luck. See you soon. you
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