Quote:
Originally Posted by DaddyHalbucks
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Ok, this is stupid
Structuring includes the act of parceling large financial transactions into smaller transactions to avoid scrutiny by regulators or law enforcement. (.....) Typically each of the smaller transaction is below some statutory limit, that does not require a financial institution to file a report with a government agency. Criminal enterprises often employ several agents (smurfs) to make the transaction.
However, even otherwise legal business practices can be considered a crime, as detailed recently by an article in Forbes magazine. [3] The article reports that even if "the money is from a legal source, the government can charge you with a crime and/or demand you forfeit cash" if you apply the structuring method knowingly.