Structuring is where a person:

  • splits a single transaction into 2 or more transactions with the sole or dominant purpose of avoiding a transaction being reported in threshold transaction reports
  • travels with cash or monetary instruments in a way that has the sole or dominant purpose of avoiding cross-border movement reporting. For example, a family asking a child to carry cash so that each individual is under the threshold.

Structuring is an offence under the AML/CTF Act. 

See

Threshold transaction reports

Cross-border movement reports

AML/CTF Act 2006 sections 142 and 143