This web page can be viewed better with javascript enabled.
www.fincen.gov header image

To download Adobe Acrobat Reader, download PowerPoint Viewer or download Excel Viewer, please visit Accessibility page.

To view or print PDF content, download the free Adobe Acrobat Reader.

Download PDF Version PDF     Print this page Print


Defendant Pleads Guilty in Structuring Case

A woman who continually conducted large cash transactions at casinos and structured those funds at her local bank pleaded guilty to a Title 12, Chapter 21 violation concerning record keeping requirements. Prosecutors charged her with a misdemeanor violation because they did not find any evidence of criminal wrongdoing associated with the origins of the currency. The judge sentenced the defendant to probation and a small assessment and fines. In addition, the defendant forfeited funds that had earlier been seized from her bank account.

Over a period of several months, the defendant made a series of structured deposits into her bank account with currency she received from a casino. In one instance, she received over $10,000 in currency from the casino and deposited the funds on multiple days over the next week. Several months later, she again received over $10,000 from the casino, and engaged in a similar series of deposits.

In addition, the defendant later used over $10,000 to purchase chips at the casino. On the same day, she received over $10,000 from the casino and made successive deposits into her bank account the following week. A number of months later, the defendant again received currency from the casino and engaged in a similar series of deposits. The pattern continued in the following weeks.

The defendant pleaded guilty to a misdemeanor charge under 12 U.S.C 1956.

[Published in The SAR Activity Review - Trends, Tips & Issues, Issue 18, October 2010]





Accessibility