> Also why not just go 10 days in a row and pull out 1k? In the US, this could b... | Hacker News

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		rmasters on Dec 10, 2022 \| parent \| context \| favorite \| on: EU-wide maximum limit of €10K for cash payments > Also why not just go 10 days in a row and pull out 1k? In the US, this could be considered "structuring" to avoid reporting requirements which is a federal crime with a sentence of up to 5 years in prison.

wcoenen on Dec 10, 2022 [–]

If the reason to pull out 1K/day is a 1K/day limit imposed by the bank, then the reason is obviously not to avoid reporting requirements and therefore it cannot be considered structuring.

akimball on Dec 11, 2022 | [–]

And yet people are prosecuted.

humanistbot on Dec 11, 2022 | | [–]

[citation needed]

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