Re: Legality and Withdrawl
No, its not about concealing the money (well it is sort of), its about hiding the need to report the transaction. Say you sell your car for 12K cash and want to deposit that into your bank. Your bank will have to report that transaction to the Feds cause its over 10K. If you instead make two 6K deposits, you are "structuring" to avoid the reporting requirement and that is a crime in and of itself.
I know the reporting requirement always applies to a cash transaction - I cant recall off the top of my head what other kinds of transactions it does or does not apply to.
Skallagrim
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