Structuring cash transactions

[cbb007]

The definition of structuring states, "a person structures a transaction if that person, acting alone, or in conjunction with, or on behalf of, other persons, conducts or attempts to conduct one or more transactions in currency in any amount, at one or more financial institutions, on one or more days, in any manner, for the purpose of evading the [CTR filing requirements]." "In any manner" includes, but is not limited to, breaking down a single currency sum exceeding $10,000 into smaller amounts that may be conducted as a series of transactions at or less than $10,000. The transactions need not exceed the $10,000 CTR filing threshold at any one bank on any single day in order to constitute structuring.

 

So, my question is... when the RV happens and I deposit a couple hundred thousand dollars in my bank account, is the government going to say that it is drug money or something and confiscate it?

No, I do not have an overseas account.

[bkeiller]

I thought this link might give you some insights:

https://www.mybanktracker.com/checking/faq/rules-deposit-10000-cash-check-271595

[cbb007]

Thank you, bkeiller.  That is good information.