Reply #28: It depends on who "structured" the transaction [View All]

[Frodo]

It is usually a felony (3) to structure a transaction to avoid the reporting requirements. But the question is "who" structured the transaction and why.

The reporting seems to indicate that the bank knew it was outside the law and wanted to avoid the filing and was asking their custoemrs to depost or withdraw less to avoid paperwork. That doesn't necessarily mean limbo man broke the law. His defense would just be that he didn't structure the transaction attempting to avoid reporting... the BANK did.