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#2264691 - 01/12/22 08:47 PM Is this activity SAR worthy?
J_G Offline
Gold Star
Joined: Dec 2010
Posts: 262
We have a business customer who regularly writes a check from their account and deposits it to their account at another bank. The dollar amounts of the checks are weird though. For example:

$11,111.11
$9,999.99
$8,888.88
7,777.77

We have not yet asked the customer about them. But at first glance, do you think this indicates something that would prompt us to file a SAR? I can't think of anything, but it sure does look strange.

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#2264692 - 01/12/22 09:06 PM Re: Is this activity SAR worthy? J_G
lokes Offline
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Joined: Jan 2014
Posts: 23
Florida
following...we dont have business account but i am curious on opinions

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#2264695 - 01/12/22 09:13 PM Re: Is this activity SAR worthy? J_G
ACBbank Online
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ACBbank
Joined: Jul 2006
Posts: 4,361
New York City
You are going to need to ask your customer about this. It does look unusual though.
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#2264700 - 01/12/22 10:36 PM Re: Is this activity SAR worthy? J_G
ColoradoAML Offline
Gold Star
Joined: Mar 2018
Posts: 348
If these are self-to-self checks, not from business to personal or business to business or anything else that might obscure ownership, and there's no concern about the source of funds, I probably wouldn't spend much time on it myself.

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#2264709 - 01/13/22 01:27 PM Re: Is this activity SAR worthy? J_G
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,864
Pulling people out of the ditc...
i'm trying to see the basis for a SAR here, "the customer is writing checks for weird amounts" just doesn't seem like a good reason. yes, query the customer, then file or not and move on.
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#2264719 - 01/13/22 03:44 PM Re: Is this activity SAR worthy? J_G
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,797
You are here
Originally Posted by J_G
We have a business customer who regularly writes a check from their account and deposits it to their account at another bank. The dollar amounts of the checks are weird though. For example:

$11,111.11
$9,999.99
$8,888.88
7,777.77

We have not yet asked the customer about them. But at first glance, do you think this indicates something that would prompt us to file a SAR? I can't think of anything, but it sure does look strange.

There is not enough information:
how often?
What did the customer say when you asked? yes that is necssary
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