Arkansas Residents Sentenced for Structuring Currency Transactions, Money Sent to Middle East

Arkansas Residents Sentenced for Structuring Currency Transactions, Money Sent to Middle East


Federal banking laws require banks to record the transaction and obtain identification information for individuals purchasing bank checks of $3,000 or more. In order to evade those reporting requirements, individuals often purchase multiple checks in structured amounts slightly less than $3,000.


Through two convenience stores owned and operated by Eyad and Linda Hassan, the defendants obtained cash to purchase official bank checks in structured amounts of just under $3,000. To avoid reporting requirements, the indictment alleges that defendants repeatedly made multiple structured check purchases on the same day. For example, on May 12, 2005, the defendants purchased six checks in the amounts of $2,900; $2,800; $2,800; $2,800; $2,900; and $2,760. On May 19, 2005, they purchased six more checks in the amounts of $2,800; $2,900; $2,800; $2,900; $2,800; and $2,600. The indictment states that the checks were ultimately sent overseas to the Middle East.

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