” anything less is perfectly legal.”
“Structuring” is legal term that means when people do things in increments just under $10,000 to avoid having to report.
I had no idea withdrawals were covered; thought it was just deposits.
As far as withdrawals and deposits, it’s why they use the word “transactions” in the statute (31 USC 5324). It even covers TRANSFERS between accounts. Any “transaction” over 10000.00 requires the filing of a cash transaction report, hence a person can really get caught up in it knowingly or unknowingly.