Customer received $55,000 from attorney for estate settlement in April and deposited it into personal DDA. A month later the customer transfered $20,000 from personal savings to personal DDA. Thereafter, customer went his Loan Officer (customer said for privacy reasons) at Main Office to withdraw $100,000 from personal DDA. Then customer goes to our other branch in another town where he holds a safe deposit box for his company, where he puts a large envelope. 3 months later he enters the box again, removes the envelope and proceeds to the teller to make deposit. Money is all large bills , with the straps stamped with the name of the Main Office and date of the withdrawal. He deposits $85,000 cash. Later a check clears from his account for $85,000 with memo section stating "Comm Prop Settlement". Seems suspicious, but essentially he moved money from his account to safe deposit box then back to his account. But "Comm Prop Settlement" suggests a divorce. He was maybe hiding the money? What is your opinion? Is this SAR worthy?
_________________________
Always learning something new...