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#123706 - 10/20/03 07:33 PM
Re: $1,000,000 bill
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10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
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You may consider calling the Secret Service as well. They may be interested in speaking with the customer and seeing what other currency he/she is passing. Wonder if this was sent to them from Nigeria?
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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#123707 - 10/21/03 11:52 PM
Re: $1,000,000 bill
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Power Poster
Joined: Jul 2003
Posts: 2,675
Austin Texas
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Furthermore, the highest value bank note ever printed was the $100,000 Gold Certificate, Series 1934 and were only issued for transactions between Federal Reserve Banks and the US Tresasury - just a little bit of useless currency trivia for ya'll.
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My comments are absolutely no reflection of, nor influenced by, my employer - take them at your own risk.
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#123708 - 10/22/03 01:32 PM
Re: $1,000,000 bill
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Anonymous
Unregistered
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I think it would be interesting if you could scan it and post it so that we could all take a look at it.
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#123709 - 10/22/03 01:49 PM
Re: $1,000,000 bill
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Anonymous
Unregistered
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#123710 - 10/29/03 11:16 PM
Re: $1,000,000 bill
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Platinum Poster
Joined: Jan 2003
Posts: 921
Down South, USA
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Quote:
This was rather unusual for us, we received a $1,000,000 bank note (probably counterfeit) as a loan payment. Other than reporting it as a SAR, do you believe I have to file a CTR? .....
As the Fed website confirms that the largest bill ever issued was the $100,000 gold certificate I would suggest that the "bill" presented to you cannot be cash, and therefore does not need to be reported on a CTR.
Sure, if somebody is attempting to obtain value I agree it is an attempted fraud, and should be reported, but just not as a CTR.
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This is my opinion; it is not legal advice, nor the view of my employer, and it may change tomorrow.
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#123711 - 10/31/03 05:12 PM
Re: $1,000,000 bill
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10K Club
Joined: Oct 2000
Posts: 27,748
On the Net
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Just because it is actually a novelty item, if it was presented as cash I would maintain a crime was attempted against the bank the same as though that was a "genuine counterfeit". Why would you handle it otherwise?
_________________________
AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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