Red Flags when doing business with the U.S. # 3

Sample 3 ( Sample 1 see Blog Entry August 10 ,Sample 2  August 12): Swiss Lawyer Indicted for Helping to Hide Swiss Bank Accounts and Monies Returned to U.S. Clients. See Official Statement of the DOJ, July 15, 2010: A federal grand jury in Alexandria, Va., returned an indictment charging an attorney practicing in Zürich, Switzerland, with conspiring to defraud the United States and structuring the importation of currency into this country. If convicted, he faces a maximum sentence of 25 years in prison and a maximum fine of $1.25 million. Thus, watch out not to forget to file FinCen Form 105, Report of International Transportation of Currency or Monetary Instruments, with the Bureau of Customs and Border Protection when you intend to physically transport, mail or ship, or cause to be physically transported, mailed, shipped or received, currency, traveler’s checks, and certain other monetary instruments in an aggregate amount exceeding $10,000 into the United States.