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E.g. see structuring, and the law related to https://en.m.wikipedia.org/wiki/Structuring https://en.m.wikipedia.org/wiki/Structuring Perfectly legal activitie
by ethbro 7y ago
E.g. see structuring, and the law related to
https://en.m.wikipedia.org/wiki/Structuring https://en.m.wikipedia.org/wiki/Structuring
Perfectly legal activities. Illegal as hell when performed with intent to evade reporting.
- joe_the_user 7y agoNote that we don't need particular laws against structuring. Those engaged in structuring are engaging in actions intended to evade the original law and that's enough (though there may be precedent and laws in this regard, they aren't necessary). Also note similar laws in other countries are cited.
- hogFeast 7y agoAs implied in my original post: after FATCA you cannot evade reporting at all by transferring money to any Swiss bank (there are some countries that don't comply with FATCA but every large financial institution complies fully). That is why the bank reported it to the AG.