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In Response To:
Thread Starter: ACBbank
Title: Re: Cash Collateral

Some additional thoughts here - We don't know the actual cash amount or anything about the customer. Accordingly I'm not quite sure we can opine on whether this could be money laundering or not. If it's a small amount of cash, and I know different people view "small" differently, I wouldn't be so concerned about money laundering.

It it's over $10K a CTR will be filed and possibly a SAR (Along with a call to FinCEN). If this is someone's attempt at laundering money, it's amateur at best.