Source: United States Department of Justice Criminal Division
United States Attorney Ron Parsons announced today that U.S. District Judge Karen E. Schreier has sentenced a Harrisburg, South Dakota, man convicted of Structuring in violation of federal banking laws. The federal crime of structuring is a practice designed to evade anti-money laundering laws and typically consists of intentionally breaking large sums of cash into smaller deposits or transactions to avoid triggering mandatory reporting by financial institutions.