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#1700797 - 05/17/12 07:25 PM SAR?
Compliance101 Offline
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Compliance101
Joined: Oct 2004
Posts: 473
Tennessee
I don't even know how to approach this one.

A customer deposits multiple checks at the same time paid to the order to himself from his wife's business account at another bank. All the checks appear to be payroll checks dated back to 2009. Then a large check was written to the US Treasury for close to the amount of the deposit.

Would this constitute as being suspicious enough to file a SAR? If so, what would it be categorized as?

Thanks so much in advance!
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#1700841 - 05/17/12 08:07 PM Re: SAR? Compliance101
ACBbank Offline
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ACBbank
Joined: Jul 2006
Posts: 4,308
New York City
What makes you question the transactions? Is there more to the situation?

At the end of the day, the funds went to the US Government.
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#1700850 - 05/17/12 08:20 PM Re: SAR? Compliance101
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
I would document the situation and conduct review of account(s), but unless there is more to it, I wouldn't label as "suspicious". Unusual - yes. Suspicious - no.
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#1704117 - 05/29/12 08:00 PM Re: SAR? Compliance101
Compliance101 Offline
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Compliance101
Joined: Oct 2004
Posts: 473
Tennessee
The main reason I looked into this is because another employee pointed it out. I didn't really think it was suspicious either. Just--unusual. Thanks for the confirmation.
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"No one can make you feel inferior without your consent."
Eleanor Roosevelt

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