Failure to File Cash Transaction Reports in Miami
Federal Crime Lawyer Explains Failure to File CTR Charges
Under the terms of the federal Bank Secrecy Act of 1970 and the Internal Revenue Code, all businesses and corporations throughout the United States are required to file an IRS Form 8300 on any and all transactions exceeding $10,000. If you were charged with not properly filing one of these forms, you could face criminal penalties. Make sure you have an aggressive Miami cash transaction reports lawyer on your side. At The Law Offices of Joel DeFabio, our team offers more than 30 years of successful experience defending our clients from their criminal charges.
Penalties for Failure to File IRS Form 8300 in Miami
Currency transaction reports (known as CTRs) are used largely for the purpose of preventing and detecting money laundering activities.
CTRs help the government crack down on money laundering for the purposes of:
Failure to file a CTR is a white-collar crime that can be charged as a felony. It carries possible sentences that include prison time, steep fines, and even payment of the costs of prosecution. If you are accused of willfully violating the requirement to file Form 8300, you may be fined up to $250,000 and sent to federal prison for as many as 5 years.
Falsely filing the form is punishable by as much as $1,000 in fines and 3 years in prison. In the event that you are charged with failure to file while also violating other laws of the United States, such as in relation to drug trafficking activities, you may be sentenced to pay $500,000 in fines and sent to prison for 10 years.
Call Now to Get Started
At The Law Offices of Joel DeFabio, we understand how much you have at stake. Let a federal crime lawyer from our team discuss the situation and hear your side of the story. We will take the time to help you understand your legal options, and we can take immediate action on a strategy for defending you against the consequences you face.
Get started by calling our Miami cash transaction report lawyer at (305) 851-5581.
Joel was especially great. I was able to meet with him when I needed to and he called me all the time to give me an update. Really professional lawyer and team.- Emilia
I was represented by Mr. Joel DeFabio, and I am very satisfied with the courtesy and professionalism he provided. He is a very sensitive, clever and resourceful attorney. The staff is excellent as well. I am glad I found them. Excellent team in general, I highly recommend them.- Hilario
It was a pleasure working with Mr. DeFabio and his legal team. Remarkable work ethic and superior legal knowledge. It was a very pleasant experience having them on my team.- Former Client
CHARGES DISMISSED Aggravated Identity Theft
CHARGES DISMISSED Assault of a Federal Officer
ALL CHARGES WERE DISMISSED Charged with refusing to comply
NOT GUILTY Conspiracy
CHARGES DISMISSED Conspiracy to Commit Bank Fraud
NO JAIL Conspiracy to Commit Fraud