[BluffTHIS!]

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isnt there a law against moving sums over ten k in multiple moves to avoid reporting? or is that 5k?

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This is what jman was referring to with the term "smurfing". However the banks are only required to make CTRs (Currency Transaction Reports) on *cash* transactions. There is no issue with or need to "structure" transactions made by wire or check, as there is an automatic paper/electronic trail.

The reason this happened is that many banks are taking a hyper compliance stance, which is more worrisome to us than any actual regulations might be.

And like the others have said, don't tell the truth and make something up, as a player isn't breaking the law by playing or cashing out, and thus has no obligation to let the truth be used against him when the bank even if they knew the source of OP's funding, wouldn't be breaking any regulations by accepting same, as long as they checked against any blacklists (in the future post-regs).