What happens if you transfer more than $10,000?

Could you please elaborate on what would occur if an individual were to transfer an amount exceeding $10,000? I'm curious to understand the potential implications, whether it's related to taxes, fees, or any other factors that might come into play. Would there be any specific procedures or reporting requirements that need to be followed in such a scenario? I'm interested in gaining a clearer understanding of the consequences and any associated responsibilities that might arise from such a transaction.