I've also heard repeatedly in conversation people frequently admit to structuring financial transactions for a variety of reasons, completely unaware that doing so is a felony.
Is it illegal to round up your transaction to $10,001 for the purpose of making the bank file the form so you can't be accused of structuring to avoid it?
lol, no. Why would it be?
(the problem with these ideas is that they make you responsible for knowing all these things - which ideally is what you pay the bank for.)
Does the bank have a human look at / file the form, or is it automatically generated? (Unless they are required to do it manually, I can't imagine they do)
It’s only illegal if you’re intentionally doing it to avoid reporting
They are intentionally doing it because of mostly imagined consequences of having the transactions be reported. And committing a felony as a consequence.
Sorry, what does "structuring financial transactions" mean in this context?