Money Structuring Offenses
Counsel from an Aggressive Miami Criminal Defense Attorney
Have you been accused of money structuring? The government—particularly
the IRS—relies on banking and financial reports to identify large
deposits of money for tax collection purposes. "Money structuring"
is the act of breaking these large cash deposits down into smaller sums
in order to conceal the actual size of the transaction.
If you have been accused of money structuring, then we invite you to contact the
Law Office of Michael Mirer, P.A. today. Attorney Mirer was formerly the Assistant State Attorney in Miami-Dade
County and now provides unparalleled legal insight for clients facing
state or federal charges. He has successfully navigated over 100 trials
and always aggressively endeavors to secure the best possible outcome
for his clients.
Do not hesitate to start countering the allegations against you. Contact
our firm for a
free consultation today.
Money Structuring Definitions
Money structuring (or "smurfing" as it is sometimes called) is
described in 31 U.S. Code § 5324. It prohibits breaking down large
deposits into smaller deposit amounts of less than $10,000. It is federal
law that all banks and financial institutions report deposits of $10,000
or more, so when a pattern of significant cash deposits of less than $10,000
emerges, it becomes suspected that a larger transaction is being concealed
for tax evasion or money laundering purposes.
Money structuring is a felony that can result in:
- Up to five years in prison
- Fines in accordance with title 18 of the U.S. Code
It should also be noted that money structuring can be charged even if the
source of the money is legal and if the suspect pays the proper income
tax on the cash in question. If you've been accused, then we invite
you to contact our firm today. An award-winning, aggressive Miami criminal
defense attorney is prepared to hear your story and provide you the emphatic,
seasoned defense the seriousness of your charges calls for.
It is possible to face the allegations against you with confidence.
Call us at the Law Office of Michael Mirer, P.A. today.