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In Response To:
Thread Starter: Dani York, CRCM
Title: Re: Suspicious Activity

Don't confuse SAR filing with a conviction, or even an official accusation. The SAR filing is just a "heads-up" to law enforcement that something is off and should probably be looked at. Money laundering doesn't have to be cash, nor does cash have to be involved for a SAR filing.

In this case, if you feel the activity is suspicious, file the SAR. The bank has a safe harbor for any "accusations" made in the SAR. It is up to law enforcement to look at the activity and determine if they want to file charges. Your job is simply to point out that something is not right.