Illinois § 7
Full text of Illinois Illinois Compiled Statutes § 7, with citation guidance and answers to common questions.
§ 7.
(a) No person shall for the purpose of evading the recording or reporting requirements of Sections 4 and 5 of this Act: (1) Cause or attempt to cause a financial institution to fail to file a report or make a record required under this Act; or (2) Cause or attempt to cause a financial institution to fail to file a report or make a record required under this Act that contains a material omission or misstatement of fact; or (3) Structure, assist in structuring, or attempt to structure or assist in structuring any transaction with one or more financial institutions. (b) A person structures a transaction if he is: (1) acting alone, or in conjunction with or on behalf of other persons; (2) conducts, attempts to conduct, or assists in conducting; (3) one or more transactions in currency, cashier's checks, money orders or traveler's checks; (4) in any amount; (5) at one or more financial institutions; (6) on one or more days; (7) in any manner; (8) for the purpose of evading the reporting requirements of this Act. (c) Structuring a transaction is a Class 2 felony. (Source: P.A. 87-619.)
Frequently Asked Questions About Illinois § 7
What does Illinois Compiled Statutes § 7 cover?
Section 7 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 7?
A common citation format is "Illinois Compiled Statutes § 7" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.