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Money Laundering is an attempt to conceal the financial fruits of a crime by making it look legal. Its not the reporting of the transaction that has Rush in trouble; its the structuring of the withdrawals to avoid the bank's reporting duty that might sink him. You can withdraw maybe one time under $10,000 and that's not "structuring" but if you do $30 or $40 as has been alleged here, a red flag goes up. Rush and his attorney better having a convincing explanation of what he did shouldn't so that it won't be viewed as a felony. And structuring deposits and withdrawals to avoid triggering the $10,000 requirement is obstruction of the law and illegal. This isn't a state issue but a Fed one and to all practical intents and purposes, every financial institution in America is a government agent when it comes to determining whether financial transactions are conducted in the furtherance of a crime or other possible violation of the law.

Correction $8 or $9,000 in deposits/withdrawals over a period of time that is designed to avoid being reported and you do it to get the bank to NOT report it to the Feds. That's the issue here with the structuring matter.