Hi newbie. I think the structuring law is from before.
I think you are very much correct. This nonsense has been going on for years.
Same basic thing, being a track fan, there is a reporting requirement if you win $10k on a bet, also. Has been for ages.
So, we try never to win that much. ;-)
Oh, really?
Did you guys ever actually READ this thing?
http://www.fincen.gov/statutes_regs/patriot/