Originally Posted by
peachfront
The statement that he avoids depositing etc. $10K or more a day is a confession of structuring under the Money Laundering Act of 1986 for starters. To advise others how to structure payments is also structuring. Honestly, the entire thread should be removed. The first post is a clear violation. If you want more discussion, ask an attorney with experience in this area and in the area of forfeiture. This guy is playing with fire, and I'm OUT of this discussion. He's just asking to have his bank account and his cash seized. The act of structuring is illegal. Moving cash openly and honest is NOT illegal. All they're asking you to do is comply with the rules and file (or have filed) the proper document. What is so hard about having a proper currency report filled out if you have a certain amount of money? Nothing, if you're honest. Takes but a few minutes.
I did not perceive his question as how to do anything illegal or how to commit Structuring. I certainly do not intend to give anyone financial or tax advice, and I hope that no one would consider things they read on an anonymous message board to be such advice. Most people do not know the basics of currency transaction reports or Structuring, and threads like this are useful. A lot of people would have committed Structuring with their dollar coins if the discussion of Structuring did not occur in that thread, so I think the issues are worth discussing. Many of the normal transactions such as prepaid cards with ATM withdrawals present these issues.