I wasn’t aware of the withdrawal part of the structuring law.
Is the account holder required to report these type of withdrawals to the IRS or just make the withdrawals and wait for the feds to show up?
It is not a problem I will ever have, that’s for sure.
If you take the cash out of the country, you have to report. (Used to be $10,000; haven’t looked in a while.)
If you go make a $10,000 cash withdrawal for personal use, the bank will probably report, but you don’t have to.