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#2195219 - 10/11/18 03:56 PM SAR?
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,094
South
We have a used car dealer as a deposit customer that receives cash payments.

The office manager also has an account with us and she has been making daily cash deposits into her personal account.

It appears to us that she is embezzling from the car dealer.

Is this a SARable event?

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#2195222 - 10/11/18 04:09 PM Re: SAR? beegee
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,655
The Country
It might be but in my opinion you need to do some more research into this before you can determine if it is suspicious or not. How big are these cash deposits? Does she have a business on the side where it would make sense that she gets cash? How long have these cash deposits been happening? Is she making the cash deposits or is it her spouse or another person?

Best of luck!
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A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
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#2195226 - 10/11/18 04:19 PM Re: SAR? beegee
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,094
South
Thanks Rock - cash deposits are all less than $1000; no business on the side; cash deposits last 90 days or so; she is making the deposits.

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#2195229 - 10/11/18 05:07 PM Re: SAR? beegee
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
You need to consider filing a SAR and document any decision not to do so. Asking the customer where the cash is coming from will be the easy part of your investigation. The hard part will be deciding whether to talk to the owner of the car lot based on the credibility of her response.
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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