Financial Transaction Structuring Offenses

Financial Transaction Structuring Defense Attorneys

A common offense that accompanies money laundering charges is known as structuring or it may also be referred to as “smurfing.” When you have been accused of structuring, it essentially means that the government believes that you intentionally made a series of small financial transactions and deposits to avoid a bank’s federal reporting requirements.

You could be charged with a financial transaction structuring offense even if you weren’t involved in anything illegal, or the prosecutor might add a structuring charge to other felony offenses like business fraud, tax evasion, illegal gambling or drug trafficking. Regardless of whether you knew your deposits were “structured,” the government may still be able to prove that you knew depositing less than $10,000 at a time would avoid a bank reporting requirement and proof of that could result in up to five years in prison.

Because of this, it is important to speak with an experienced New York financial transaction defense lawyer.

Financial Transaction Structuring Offenses Often Involve Other Financial Crimes

Offenders who divide deposits in order to evade federal reporting requirements often do so in connection with other, more serious crimes, including money laundering, tax fraud, embezzlement, procurement fraud, gambling offenses and RICO violations. Fraud typically begets more fraud, and this is especially true of financial fraud in the Five Boroughs of New York City, including the Bronx, Manhattan and Brooklyn. A person who commits multiple financial transaction offenses may be willing to go to great lengths in order to avoid detection.

Although a financial transaction structuring offense is ordinarily punishable by a sentence of up to five years in federal prison, enhanced penalties may apply when an offender commits a financial transaction offense while also violating another law. When multiple laws are violated, a conviction for financial transaction structuring can lead to a term of incarceration of up to 10 years in federal prison.

Experienced Financial Crime Defense. Experienced Federal Trial Attorneys

The federal trial lawyers at Sacco Tyner are experienced in defending against all types of financial crimes like embezzlement, tax fraud, money laundering and financial transaction structuring. As proven by our recent white collar case successes, we are prepared to protect your interests through negotiations and trial.

To learn more about how we can help you with your money laundering, structuring or other white collar offense, call 866-642-3807 for a free initial consultation or contact us via e-mail.

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