What would you do or what follow-up questions would you ask to this scenario?
Customer opens an account in February of this year, obtains a credit card and vehicle loan soon after that have both been in good standing since. Information provided and verified for income has him making $10/hr at a 40 hr/week job, living with family.
I was contacted today by a branch manager wanting to share that a pattern of frequent cash deposits is making tellers suspicious of him. Never more than $2000 at a time, but he seems to average over $5,000 in cash deposits per month.
I was doing some investigating on transactions in and out and noticed that no checks are ever deposited but he has two checks come out every month paid to different property management companies (neither having any relation to the address he claims to live at).
To top it off, last month he sent an international wire to an individual in Canada of $10,000 which he brought cash in to pay for. On it's own, it didn't trigger any sort of suspicion, but it's got me curious. I have a feeling there are some shady dealings going on.
I'm trying to decide if I should continue to monitor at this point or file a report. Thoughts?
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Someone's about to get horned!