Re: FTP\'s $5k checks = structuring?
 

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I thought "structuring" only applied to cash transactions. That is structuring your transactions to avoid a CTR and paper trail. A check already leaves a paper trail.

Am I missing something?

Paul

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Banks have to report transactions over a certain amount (I don't remember the amount offhand). If say the amount is 10K, and you deposit 5K today and 5K tomorrow specifically to avoid the bank reporting your deposit, that's structuring.

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Kinda weird, considering the only way to withdraw $10k on FTP is to withdraw two checks 24 hours apart.