Is an attempt to avoid large currency reporting?
singleAnswer
smurfing Structuring
Structuring
large currency reporting avoid
Currency transaction report Structuring Bank Secrecy Act Casino regulations under the Bank Secrecy Act Money laundering Patriot Act, Title III Counterfeit money Black market Australian Transaction Reports and Analysis Centre Black money scam
A <b>currency</b> transaction <b>report</b> (CTR) is a <b>report</b> that U.S. financial institutions are 
required to file ... in <b>currency</b>, the decision to continue the transaction must 
continue as originally requested and may not be reduced to <b>avoid</b> the filing of a 
CTR. Structuring, also known as smurfing in banking jargon, is the practice of 
executing financial transactions such as making bank deposits in a specific 
pattern, calculated to <b>avoid</b> triggering financial institutions to file <b>reports</b> required 
by ... Structuring may be done in the context of <b>money</b> laundering, fraud, and 
other financial&nbsp;... The Bank Secrecy Act of 1970 (BSA), also known as the <b>Currency</b> and Foreign 
Transactions <b>Reporting</b> Act, is a U.S. law requiring financial institutions in the 
United States to assist U.S. government agencies in detecting and <b>preventing</b> 
<b>money</b> laundering. ... Statutes at Large, 84 Stat. 1114-2 aka 84 Stat. 1118. 
Codification. Casinos in the United States which generate more than $1,000,000 in annual 
gaming revenues are required to <b>report</b> certain <b>currency</b> transactions to assist ... 
Because <b>large</b> sums of <b>currency</b> are transacted through slot machines, gaming ... 
to <b>avoid</b> detection of their activities by circumventing the <b>reporting</b> requirements. <b>Money</b> laundering is the illegal process of concealing the origins of <b>money</b> 
obtained illegally by ... Anti-<b>money</b> laundering regulations have become a much 
<b>larger</b> burden for financial institutions and ... of <b>money</b>, used to defeat suspicion 
of <b>money</b> laundering and to <b>avoid</b> anti-<b>money</b> laundering <b>reporting</b> requirements. The USA PATRIOT Act was passed by the United States Congress in 2001 as a 
response to the September 11, 2001 attacks. It has ten titles, each containing 
numerous sections. Title III: International <b>Money</b> Laundering Abatement and 
Financial ... (13) to strengthen measures to <b>prevent</b> the use of the United States 
financial&nbsp;... Counterfeit <b>money</b> is imitation <b>currency</b> produced without the legal sanction of the 
state or ... As of July 12, 2013, 40 <b>reports</b> had been made between the northern 
suburbs of ... effects, such as confidence in <b>currency</b>, however, may be <b>large</b>. a black market, underground economy or shadow economy, is a clandestine 
market or series of ... Black <b>money</b> is the proceeds of an illegal transaction, on 
which income and other taxes ... a receipt, which enables the service provider to 
<b>avoid reporting</b> the income on his or her tax return. ... are counterfeited on a <b>large</b> 
scale. Australian Transaction <b>Reports</b> and Analysis Centre (AUSTRAC) is an Australian 
government financial intelligence agency set up to monitor financial transactions 
to identify <b>money</b> laundering, organised crime, tax evasion, welfare fraud and 
terrorism. ... The information that AUSTRAC collects is also available to a <b>large</b> 
number of&nbsp;... The black <b>money</b> scam, sometimes also known as the &quot;black dollar scam&quot; or &quot;
wash wash scam&quot; ... The amount of the assets is $150,000 and one <b>large</b> trunk, 
contents unknown. Please ... Furthermore, the <b>money</b> has all been stained black 
or another color to <b>avoid</b> detection by customs. A valid ... <b>Reporting</b> of the crime[
edit].
structuring
Currency transaction report