Legality of requiring credit cards?

[Dr.Dimitri Vulis KOTM]

Mike Topalovich <TOPALOVICH at terraglyph.com> writes:
> It's not necessarily because you are paying with $100 bills.  The IRS
> requires banks and other businesses to report all cash transactions
> exceeding $10,000 by means of a Currency Transaction Report (CTR).  This
> is a way for the IRS to track money laundering.  There happens to be two
> lines on the form asking for the number of $50 and $100 bills, but those
> lines are optional.

They're supposed to report "suspicious" cash transactions under 10K too.

---

Dr.Dimitri Vulis KOTM
Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps