Thread Starter: edAudit
Title: Re: Structuring non-taxable funds??
|
Determination of a structure is not black and white, You or some other bank employee needs to have a conversation with the client to determine if it is a structure. If the example is not a structure you would need to document, document and then document.
Your example could be structuring or possibly not. Customer could have millions in the bank and the 50k could be just a red herring. There may be a reason for the transactions of close days. Customer could be in the bank on those days anyway for other transactions. 10,000 for a vacation would seem suspect for a small depositor but may be in line for a billionaire.
|
|
|
|
