Bank tellers can actually be prosecuted and held criminally liable for not also reporting transactions under $10,000. This is called the SAR (Suspicious activity report) and yes, even if you withdraw multiple sizable transactions under the $10,000 limit, you will still be reported with the SAR and can be prosecuted for "structuring" and "evasion" - as well as the bank employee, if he/she does not submit the SAR in a timely manner.
I wasn’t aware of the withdrawal part of the structuring law.
Is the account holder required to report these type of withdrawals to the IRS or just make the withdrawals and wait for the feds to show up?
It is not a problem I will ever have, that’s for sure.