Structuring
Deliberately breaking a cash transaction into multiple smaller transactions, each just under the $10,000 CTR reporting threshold, to evade Currency Transaction Report filing requirements. A federal crime in itself under 31 U.S.C. 5324, separate from any underlying money-laundering charge -- the evasion of reporting is the offense, regardless of whether the underlying funds are legitimate. Classic patterns: same-day deposits across multiple branches, consecutive-day deposits of similar sub-$10K amounts, sequential transactions that aggregate to suspicious round numbers. Detection by front-line staff plus escalation to AML officer plus a SAR filing is the standard response; the "no tipping off" rule applies.
Lessons that use this term
Related terms
Anti-Money-Laundering (AML) · Currency Transaction Report (CTR) · Investment Policy Statement (IPS) · Know Your Client (KYC) · Onboarding Workflow · Politically Exposed Person (PEP)
Open this term in the app → — no account needed; browse the full glossary while you research.