The following is my answer to a Quora question: “Can
I deposit $130,000 cash into my bank account without getting flagged? Will they ask where the money came from? All the money was earned from local freelance
work.”
If the transaction is an anomaly when compared to your
transaction history, it will get flagged and the bank will file a suspicious
activity report, based on the possibility that this may be money laundering. Compliance will be alerted, and your account
may be frozen. If you want to avoid this, speak to the bank, and let
them know about the deposit, and the nature of the work that allowed you to
earn such a sum. You may have to fill in
some sort of KYC form with supporting documents, including a large amount
questionnaire.
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