Under the Bank Secrecy Act, wiring or physically transporting cash or other financial instruments out of the country in excess of $________ must be reported to the Customs Service.

Question

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Under the Bank Secrecy Act, any individual or entity that wires or physically transports cash or other financial instruments out of the country in an amount exceeding $10,000 must report this to the Customs Service. This regulation is aimed at preventing money laundering and other illegal financial activities.

Under the Bank Secrecy Act, Wiring or Physically Transporting Cash