am I in violation of the "structuring" laws if I remove $9-10,000 from my checking accounts 1-2 times a month for several months in order to build up a "cash stash" in my safe or safe deposit box. no illegal activity.just building cash.
Optional Information: Country relating to Question: United States State (if USA): Mississippi Already Tried: nothing
Good afternoon,I'm sorry to hear of the situation.As all you will be doing is putting the funds in your home safe, there is no law which prevents you from taking it all at once. The bank will simply create a Currency Transaction Report for the cash transaction. Unless you have a criminal record involving Money Laundering or drug distribution---the feds are not going to look at you based on a single transaction like that.However, technically, any plan that you might have to structure withdrawals so as to avoid a Currency Transaction Report, would technically be illegal---even if you made the withdrawals 2 weeks apart. The illegality is in the intent to evade---not the fact that you took more than $10,000. Here is a document which may give you some additional information:
http://www.fincen.gov/whatsnew/pdf/CTRPamphletBW.pdf
Experience: I am a practicing attorney with more than 27 years of experience in the legal field.