I'm torn on whether to file a SAR on a particular business customer. This business was recently shut down by federal authorities. Allegedly there are multiple counts of wrong doing, none of which I can see are directly financially related. However, it was noticed recently that they had an unauthorized signer endorsing their checks. Not something we would typically file on, however, the owner of this business has been convicted more than once in the past for embezzlement. Should I file even though the authorities are already on to them? My instincts are telling me yes.
Comments are appreciated!