Looking for some additional opinions on this situation as I'm unsure of whether or not I have enough substance to warrant a SAR filing.
Customer A opens a deposit account 2 years ago. After a thorough review of activity, it was identified that the only activity going through the account was the deposit of checks from non-customer B, waiting a period of approx. 1-2 months, then withdrawing an amount similar to the amount deposited via the non-customer B checks, and using the funds to make an Official Check payable to non-customer B. This happens about 10 times in the span of 2 years, with a decent amount of money.
Upon further investigation, non-customer B was indicted for a crime that involved money (probably shouldn't get into the specifics). This activity starts right around the time that the investigation appeared in the newspapers.
So, having said all that, would it be reasonable to file a SAR using the "suspicion concerning the source of funds", due to the fact that a) the individual who owns the account is clearly using the account on behalf of non-customer B and b) the funds may be utilizing this channel to clean them/distance non-customer B from them, etc.
Just curious to see what others think of this situation. I probably left some details out so feel free to question!
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