Thread Options
#497737 - 02/13/06 01:41 PM Counterfeit Travelers Checks
bgehres Offline
100 Club
Joined: Mar 2005
Posts: 126
We had a customer who tried to cash $3,000 in counterfeit traveler's checks. The branch manager thought we should file a SAR although it does not meet the $5,000 threshold. Their thing was that we don't know how many other checks they were trying to cash at other banks and that that could total over $5,000. Should we file?
Last edited by bgehres; 02/13/06 03:17 PM.
Return to Top
BSA/AML/CIP/OFAC Forum
#497738 - 02/13/06 02:06 PM Re: Counterfeit Travelers Checks
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,333
Cape Cod
You certainly have the option of filing. But were these checks traveler's checks or cashier's checks?
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#497739 - 02/13/06 03:17 PM Re: Counterfeit Travelers Checks
bgehres Offline
100 Club
Joined: Mar 2005
Posts: 126
Sorry, they were traveler's checks

Return to Top

Moderator:  Andy_Z