Whats the term where you put small amounts of money in several bank accounts in attempt to avoid suspision of?

Question

the irs, a type of laundering sheme i was reading about i just forgot the actual term?

Answer 1

Structuring.

Banks know what to look for - it's not a good idea to try to structure deposits.  If you made the money legitimately, there's no reason to attempt structuring.

Answer 2

yes, structuring...and a few other terms that might come up are "fraud" and "tax evasion"......(*shudders*)...you do not want the irs becoming "suspicious"--don't risk anything gained legally, and if it's not legal income, well, then that introduces some other terms you should think about..."jail time" and "criminal record" to name a few more.