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‘Structuring’ prosecutions rise

In its first year, task force seized $1M in 12 cases under Bank Secrecy Act

When prominent Baltimore defense attorney Stanley H. Needleman pleaded guilty this month to structuring his bank deposits to evade mandatory tax reporting, he joined a growing list of perpetrators locally and nationally. Investigations and prosecutions for the offense — which involves intentionally keeping cash deposits below $10,000 to avoid mandatory bank reports — are becoming more ...

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