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#2241149 - 08/17/20 07:59 PM SAR Filing Warranted?
Bonkers for BSA Offline
Member
Joined: Oct 2015
Posts: 83
I have a business customer who owns a roofing company who has made multiple cash withdrawals at $10K+. It's $10K or so once per week. We're doing our CTR filings. When she's asked about the purpose of the cash withdrawals, she says its for payroll. Payroll in cash for a roofing company. My question is how do I know if she's paying the proper payroll taxes by paying her employees in cash without directly asking her? Also, is this SAR worthy?

I feel like it is SAR worthy but what's holding me back is that I don't have any way to know if she's paying the proper payroll taxes. I don't want to file if she's doing everything right. But SAR filings are about reporting suspicious activity even if you don't know if there's criminal activity behind it.

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#2241151 - 08/17/20 08:30 PM Re: SAR Filing Warranted? Bonkers for BSA
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
Ask them. If you don't like the answer, file and close. If you have all of their business accounts, you should see transfers to the IRS.
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#2241153 - 08/17/20 08:42 PM Re: SAR Filing Warranted? Bonkers for BSA
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,685
Illinois
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#2241202 - 08/18/20 07:10 PM Re: SAR Filing Warranted? Bonkers for BSA
Bonkers for BSA Offline
Member
Joined: Oct 2015
Posts: 83
Thank you both!

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