Reminds of the issues legal marijuana producers and sellers have in states where pot is legal, but FDIC banks can't take their cash.
I know of one provider who got his account closed by a bank after using it to deposit large amounts of money for years and after one day he sent 8,000 to his home country. After that he started using other banks to send 4k and occasionally 6k.
I understand why depositing at the ATM large amounts of cash could raise some questions, I guess he crossed the magical 10,000 line and because of that the account was closed.
I knew an escort who paid taxes as personal trainer and kept depositing cash in the banks without problems.
@keroscenefire I don't pay for the NYT, can you copy the article and post it on here for more information?