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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: eyebalz who wrote (14173)	2/24/1999 12:30:00 PM
From: SHGLaw	Read Replies (1) \| Respond to of 122087

Actually, structuring cash deposits to avoid the currency reportings requirements is itself a federal offense. More to the point, most banks have internal policies that require the reporting of cash deposits in an amount under the $10,000 mandatory amount. The law provides that $10,000, or suspicious transactions, must be reported. Therefore, don't assume that by structuring (also called "smurfing") you can successfully evade the law. The deposits subject to the law also include essentially any monetary instrument other than checks which can be used to conceal the source of the funds or the nature of the deposit.