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Tag: structuring violations

  • USC Currency Law Overview: Structuring Violations

    Structuring, according to United States Code (USC) laws and regulations, is the attempt by one or more persons to avoid importation/exportation reporting requirements by partitioning a sum of $10,000 or more in currency or other monetary instruments, so that the divided amounts each fall under the reporting threshold. The law is designed primarily to combat criminal enterprises that traffic cash unreported to the IRS. The official structuring law, as it pertains to entering or leaving the U.S with currency, 31 USC 5324 (c) (3), states the following: “(c) International Monetary Instrument[...]

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