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#613420 - 09/14/06 07:23 PM Check cashing Business
Rosebud123 Offline
Platinum Poster
Joined: Oct 2003
Posts: 645
There is a customer who wants to finance with us the purchase of an apartment building. He is a foreignor and owns a check cashing business. We will not have the check cashing account. Only the loan. BSA Problem?

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#613421 - 09/14/06 07:36 PM Re: Check cashing Business
CantBeShocked Offline
Gold Star
Joined: Apr 2006
Posts: 260
I don't necessarily think so but you will need to monitor his loan payments closely for excessive cash payments, structured cash payments, etc.

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