EFTA01346024.pdf

The following scenarios are examples of structuring. Examples of Structured Transactions 1. John has $15,000 in cash he obtained from selling his truck. John knows that if he deposits$15,000 in cash, his financial institution will be required to file a CTR. John instead deposits $7,500 in cash in the morning with one financial institution employee and comes back to the financial institution later in the day to another em ployee to deposit the remaining $7,500, hoping to evade the LTR reporting requirement 2. Jane needs $18,000 in cash to pay for supplies for her wood-carving business. Jane cashes a $9,DMI per sonal check at a financial institution on a Monday, then cashes another $9,000 personal check at the fi nancial institution the following day. Jane cashed the checks separately and structured the transactions in an attempt to evade the CTR reporting requirement. 3. A married couple, John and Jane, sell a vehicle for $15,000 in cash. To evade the CTR reporting require ment, John and Jane structure their transactions using different accounts. John deposits $8,000 of that money into his and Jane's joint account in the morning. Later that day, Jane deposits $1,500 into the joint account, and then $5,500 into her sister's account, which is later transferred to John and Jane's joint account 4. Bob wants to place $24,000 cash he earned from his illegal activities into the financial system by us ing a wire transfer. Bob knows his financial insti tution will file a CTR if he purchases a wire with over $10,000 currency in one day. To evade the CTR reporting requirement, Bob wires the $24,000 by purchasing wires with currency in $6,000 increments over a short period of time, occasionally skipping days in an attempt to prevent the financial institution from filing a CTR. . To If you have further questions, please contact FinCEN's Regulatory Helpline at (800) 949-2732 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0032808 CONFIDENTIAL SDNY_GM_00178992 EFTA01346024