Google tells me it’s “the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law”
But what does that actually look like, what methods are used beyond just making perfectly timed bank deposits?
In: Economics
Banks in the US are required by law to report any deposits over $10,000 to the IRS.
So say I have $30k in cash that you obtained in a less than legal way. You want to put it in your bank account, but you don’t want the IRS knowing about it. So instead, you deposit it in 3 chunks of $9,999 and use the remaining $3 to go buy yourself a candy bar or something.
*That* is structuring.
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