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To: LouAvul
structuring bank deposits to avoid reporting laws

Is this like being charged with driving below the speed limit to avoid speeding laws?

4 posted on 02/03/2006 11:19:16 AM PST by Onelifetogive (* Sarcasm tag ALWAYS required. For some FReepers, sarcasm can NEVER be obvious enough.)
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To: Onelifetogive
Is this like being charged with driving below the speed limit to avoid speeding laws?

I think it is more like driving just under the speed limit so you do not alert a traffic cop and get stopped after just robbing a bank.

9 posted on 02/03/2006 11:32:58 AM PST by daviscupper
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To: Onelifetogive
Is this like being charged with driving below the speed limit to avoid speeding laws?

More like driving a stealthed vehicle in order to avoid being caught speeding. Banks must report transactions above a certain level, in order to be able to track the worst violators, but the transfers themselves are not legal unless reported, and then it depends on who the money is transferred to.

16 posted on 02/03/2006 5:03:27 PM PST by El Gato (The Second Amendment is the Reset Button of the U.S. Constitution)
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