When filing a SAR on a customer who is operating as an unregistered MSB, and this is the only activity being reported (i.e. there is no other suspicious activity), what do you enter in Field 34 of the SAR (Total dollar amount involved in known or suspicious activity)?

Zero, I hope. That's what I put when I was in the same situation.

That's what I'm hoping too.

We have a check cashing business that refuses to register, so I enter the total amount of the checks greater than $1,000 that they have cashed during the past month.