The illegal act of splitting cash
deposits or withdrawals into smaller amounts, or purchasing monetary
instruments, to stay under a currency reporting threshold is known as structuring . The practice might
involve dividing a sum of money into lesser quantities and making two or more
deposits or withdrawals that add up to the original amount. Money launderers
use structuring to avoid triggering a filing by a financial institution. The
technique is common in jurisdictions that have compulsory currency reporting
requirements.
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