File A CRF If...

The financial institution suspects one of its directors, officers, employees, agents, or other institution affiliated parties of having committed a crime or aided in the commission of a crime;
there is an actual or potential loss to the financial institution (before reimbursement or recovery) of more than $1,000 and the financial institution knows, and can name, the person(s) who did it;
there is an actual or potential loss (before reimbursement or recovery) of $5,000 or more but there is no identifiable suspect ;
the financial institution suspects that it is being used to accomplish criminal activity, such as money laundering or structuring transactions to evade the Bank Secrecy Act reporting requirements.

Copyright © 1993 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 4, No. 5, 11/93