We have an individual customer who has been a customer since 2018. He recently opened an IRA account and funded it with $5,000 in cash. Then, the following month, he had a few other cash deposits (doesn't necessarily appear structured). He works for an organization that prevents substance abuse by connecting and uniting individuals, organizations and institutions, etc so that is his occupation type.
This prompted our monitoring program to generate an alert, so then I reviewed previous months activity. He seems to regularly deposit cash in amounts between $1,000 - $5,000.
Would you consider this unusual and file a SAR?