One thing that stands out is that a lot of people accused of ‘structuring’ do so on the advice of their local bank to ‘avoid paperwork’. I’m betting the local bank then turns around and notifies the Feds, and probably receives some type of reward.
“One thing that stands out is that a lot of people accused of ‘structuring’ do so on the advice of their local bank to ‘avoid paperwork’. I’m betting the local bank then turns around and notifies the Feds, and probably receives some type of reward.”
Bingo. Banks collecting 10% finder’s fee.
This could lead to investigations of banks’ books for customers who had funds confiscated and payments to bank from IRS. Might be a nice card to have to plat against the globalist Wall St. bankers.