Federal laws, including the Bank Secrecy Act and Internal Revenue Service regulations, require certain currency transactions to be reported. For example, financial institutions are required to file a Currency Transaction Report for transactions involved more than $10,000.00 in currency, and currency exceeding $10,000.00 received in a trade or business must be reported to the Internal Revenue Service on a Form 8300.
“Structuring” transactions to avoid these reporting requirements may be subject to civil and criminal penalties, including significant fines and a term of imprisonment. Additionally, property suspected to be involved in structuring may be seized by the federal government and upon a finding that structuring in fact occurred, the property may be permanently forfeited.
If you are being investigated for currency structuring, a civil or criminal case for currency structuring has been filed against you, or you fear that one may be in the future, it is essential that you hire a qualified attorney with experience and a successful track record defending clients against these types of charges. An experienced attorney representing your interests can ensure that your rights are protected, help avoid or minimize civil and criminal liability, and achieve a solution that will protect your assets and your freedom.
I have chosen to focus my law practice on Federal Criminal Tax and White Collar Defense, including currency structuring matters. Over the last 40 years, I have earned a successful track record in high stakes white collar matters and have argued before the United States Supreme Court as well as other federal courts throughout the country. I fight hard to enforce the rights of my clients, and I believe in the integrity of that fight.
If you have questions or concerns about money laundering, I invite you to contact me directly to discuss them at (212) 639-1600 or Patrick@MullinDefense.com. You will discuss your concerns with me personally – never an associate or paralegal. In addition, you should know that your contact with me, and with my firm, is privileged under the law, regardless of whether or not you decide to retain my firm to represent you.