Structuring/smurfing is done to evade specific bank deposit reporting requirements, though. Unless there's a specific requirement you're trying to evade (e.g. a

Structuring/smurfing is done to evade specific bank deposit reporting requirements, though. Unless there's a specific requirement you're trying to evade (e.g. an exchange must, by law, report deposits or balances over a certain size), I don't know if the general notion of "hiding" can be considered illicit.