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#2236856 - 05/18/20 07:28 PM SAR - Type of Suspicious Activity?
mnbanker09 Offline
100 Club
Joined: Jan 2018
Posts: 122
Looking for guidance on the type of suspicious activity to note on a SAR.

A customer conducted a large cash withdrawal, over $10,000. The teller inquired on the reason for the withdrawal, and the customer stated it was a gift for his children because cash is not traceable.

Tax Evasion? Something else?

Any feedback is appreciated.

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#2236873 - 05/18/20 08:58 PM Re: SAR - Type of Suspicious Activity? mnbanker09
CULady Offline
Gold Star
Joined: Sep 2007
Posts: 495
If that is the only suspicious piece and a CTR was filed, I wouldn't file an SAR. If he had broken it up and I was already filing for structuring I may add Tax Evasion because of the comment, but I don't think that comment alone is SAR-able.

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