Originally Posted by kewlJ View Post
Originally Posted by smurgerburger View Post

In a casino if you cash 8k at one cage and then 3k at the other, that is structuring the 11k transaction to avoid a CTR.
You are talking about attempting to avoid or circumvent a threshold that requires additional reporting. THAT is the very definition of structuring.

And there are actually legitimate reasons why a player would only cash out part. Lets say a player wins $11,000 but only cashes out $8000

1) Card counters like to keep a chip inventory for easy entrance into a game at a later time. So you are saving out $3000 towards that chip inventory.

2) maybe player is going to eat dinner and plans on playing after dinner, but doesn't want to have the entire amount of chips on him, in an attempt to limit losses. just wants to sit down with 3000-4000 to play with.

3) Maybe you want to lend someone you came with $3000 to gamble with, so you hold out $3000 in chips.

But guess what, none of these excuses really matter. It is still structuring by the letter of the law.
Easy mistake to make but you are mixing up W2Gs with CTRs and SARS (Suspicious Activity Reports) structuring crimes are about “structuring” deposits and withdrawals to avoid these specific forms CTRs & SARs being generated.

W2G events are under a completely different law than structuring & there was never any linkage between the two as they were both addressing completely different things.