Sec. 7. (a) No person shall for the purpose of evading the recording or reporting requirements of Sections 4 and 5 of this Act:.
189 words·~1 min read·
/il/chapter-205/act-685/7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 7.
(a)No person shall for the purpose of evading the recording or reporting requirements of Sections 4 and 5 of this Act:
(1)Cause or attempt to cause a financial institution to fail to file a report or make a
record required under this Act; or
(2)Cause or attempt to cause a financial institution to fail to file a report or make a
record required under this Act that contains a material omission or misstatement of fact; or
(3)Structure, assist in structuring, or attempt to structure or assist in structuring
any transaction with one or more financial institutions.
(b)A person structures a transaction if he is:
(1)acting alone, or in conjunction with or on behalf of other persons;
(2)conducts, attempts to conduct, or assists in conducting;
(3)one or more transactions in currency, cashier's checks, money orders or traveler's
checks;
(4)in any amount;
(5)at one or more financial institutions;
(6)on one or more days;
(7)in any manner;
(8)for the purpose of evading the reporting requirements of this Act.
(c)Structuring a transaction is a Class 2 felony.