Evading a Currency-Transaction Reporting Requirement (While Violating Another Law) by Structuring Transaction

• Category: Federal - Jury Instructions - 11th Circuit - Criminal
• State: Multi-State
• Control #: US-JURY-11THCIR-O112-CR
• Format: Word

Description

Pattern Jury Instructions from the 11th Circuit Federal Court of Appeals. For more information and to use the online Instruction builder please visit http://www.ca11.uscourts.gov/pattern-jury-instructions Evading a Currency-Transaction Reporting Requirement (While Violating Another Law) by Structuring Transaction is a criminal act that involves a person or business using multiple financial transactions to avoid the reporting requirements imposed by the Financial Crimes Enforcement Network (Fin CEN). This is done in order to hide the source and/or destination of funds, or to disguise the true nature of the transaction. Structuring transactions is the practice of breaking up financial transactions into smaller amounts in order to avoid the reporting requirements and thereby conceal the true purpose of the transaction. Structuring transactions can involve a variety of methods, such as making multiple withdrawals of smaller amounts from the same bank account, using multiple accounts at different banks to make multiple transfers, or making payments in cash. There are two types of Structuring Transactions: legal and illegal. Legal structuring is used to avoid the reporting requirements imposed by the Fin CEN, but it does not violate any other laws. Illegal structuring involves evading the reporting requirements while also violating other laws, such as money laundering, tax evasion, or fraud. In the United States, evading the Currency-Transaction Reporting Requirements (while violating another law) by Structuring Transactions is a crime punishable by up to five years in prison and a fine of up to $500,000.

Evading a Currency-Transaction Reporting Requirement (While Violating Another Law) by Structuring Transaction is a criminal act that involves a person or business using multiple financial transactions to avoid the reporting requirements imposed by the Financial Crimes Enforcement Network (Fin CEN). This is done in order to hide the source and/or destination of funds, or to disguise the true nature of the transaction. Structuring transactions is the practice of breaking up financial transactions into smaller amounts in order to avoid the reporting requirements and thereby conceal the true purpose of the transaction. Structuring transactions can involve a variety of methods, such as making multiple withdrawals of smaller amounts from the same bank account, using multiple accounts at different banks to make multiple transfers, or making payments in cash. There are two types of Structuring Transactions: legal and illegal. Legal structuring is used to avoid the reporting requirements imposed by the Fin CEN, but it does not violate any other laws. Illegal structuring involves evading the reporting requirements while also violating other laws, such as money laundering, tax evasion, or fraud. In the United States, evading the Currency-Transaction Reporting Requirements (while violating another law) by Structuring Transactions is a crime punishable by up to five years in prison and a fine of up to $500,000.