Owners of high cash businesses used multiple cash equivalents from different banks and money services businesses to pay into policies and annuities. In one case, an insurer reported the owner of a landscaping business who paid the premiums on a universal life insurance policy with multiple money orders of no more than $1,000 each, some purchased on the same day at different post offices, or on separate visits to the same post office, creating the appearance of structuring. Another company filed a report on a woman who made multiple structured pre- mium payments totaling $100,000, with cashier’s checks and money orders.
