Thread Starter: MagicCity
Title: Re: bsa
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I understand this scenario to be:
A construction company is paying its contractors for work done and then cashing the checks for them and giving them cash.
I think that is highly irregular.
Where is he getting his cash from to fund these checks?
It may technically make him an MSB, but more than that it makes him/his activity suspicious and I would file a SAR.
IMHO.
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