Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum SAR for suspected tax evasion?
Thread Options
#1953185 - 08/14/14 07:12 PM SAR for suspected tax evasion?
KDF Offline
Member
KDF
Joined: Jul 2009
Posts: 79
Minnesota
Would you file a SAR if you suspect a customer is concealing income from the IRS? I don't find a box for this on the SAR form. Which box would you check? Or is it a "write-in"?
_________________________
"Sometimes that light at the end of the tunnel is a train."
Charles Barkley

Return to Top
BSA/AML/CIP/OFAC Forum
#1953186 - 08/14/14 07:14 PM Re: SAR for suspected tax evasion? KDF
MagicCity Offline

Power Poster
MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
It's a write-in - Other.
Then type in your reason.

I would file only if there was strong evidence.

Return to Top
#1953191 - 08/14/14 07:18 PM Re: SAR for suspected tax evasion? KDF
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
If you search this forum for "evasion" you can find many prior debates on "if," but MagicCity has addressed "how." (I'd use 35z.)
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

Return to Top
#1953194 - 08/14/14 07:28 PM Re: SAR for suspected tax evasion? KDF
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,796
You are here
I would, others may not.
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1953204 - 08/14/14 07:47 PM Re: SAR for suspected tax evasion? KDF
NotDoneYet Offline
Gold Star
NotDoneYet
Joined: Jul 2010
Posts: 482
PA
I have. Strong evidence can be a confession by the customer.

Return to Top
#1953205 - 08/14/14 07:48 PM Re: SAR for suspected tax evasion? KDF
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,348
New York City
Only with the strongest of evidence.
_________________________
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

Return to Top
#1954308 - 08/19/14 12:29 PM Re: SAR for suspected tax evasion? KDF
Pat Patriot Act Offline
Gold Star
Pat Patriot Act
Joined: Apr 2009
Posts: 450
I would, and I would not use a threshold of evidence any higher than I would for a money laundering SAR. I have gotten into many debates on this subject, and the most common argument against it is "We don't know what their 1040 looks like." My counterpoint to that is to point out the numerous SARs filed for money laundering where we have no direct proof of a predicate crime.
_________________________
CFE, CAMS

Return to Top

Moderator:  Andy_Z