... that there is something more specific in the charge labelled "structuring financial transactions", or every accountant and treasurer, homeowner, car leaser or... well, everyone has done the above...
A scammer who imported fake iPods, iPads, iPhones, and Sony hardware worth $15m into America was today sent down for 37 months. Rosario La Marca, 54, of Naples, Italy, paid $1.1m to Chinese manufacturer Jianhua Li, 42, based in Hong Kong, in exchange for counterfeit electronics resembling Apple and Sony goods. US prosecutors …
The "structuring financial transactions" relates to the "The sales money was funneled back to associates in Italy in batches of less than $10,000 to avoid alerting the tax authorities." The banks have to report transactions of $10,000 and over, not necessarily for "tax" reasons, but for money laundering detection. So noticing who is deliberately moving ~$9,999 around frequently is a good way to detect criminals, as the law abiding people aren't worried about the feds knowing, or even aware of the $10,000 line.
See https://en.wikipedia.org/wiki/Dennis_Hastert for an example of somebody who fell afoul of this.
"Structuring Financial transactions" is based on the idea a legitimate business will have a cash deposit pattern and matching receipts to show large cash deposits are legitimate. The average person will have very irregular large deposits, maybe once every 5+ years. Money launderers will try to run largish amounts of money through accounts without legitimate sales to back them up and far too often for a normal person. If one tries to run amounts just under 10K often through your account it raises red flags as to why.
"law abiding people aren't worried about the feds knowing, or even aware of the $10,000 line."
Law abiding businesses that handle cash have every reason to worry, because if the IRS decides your cash deposits look suspicious they can and will seize your assets without any warning or due process and they can and will maintain a death grip on those assets without filing legal charges.
Here is one of the more recent cases, but you could easily identify hundreds more.
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