Posted By: mnbanker09
SAR - Type of Suspicious Activity? - 05/18/20 07:28 PM
Looking for guidance on the type of suspicious activity to note on a SAR.
A customer conducted a large cash withdrawal, over $10,000. The teller inquired on the reason for the withdrawal, and the customer stated it was a gift for his children because cash is not traceable.
Tax Evasion? Something else?
Any feedback is appreciated.
A customer conducted a large cash withdrawal, over $10,000. The teller inquired on the reason for the withdrawal, and the customer stated it was a gift for his children because cash is not traceable.
Tax Evasion? Something else?
Any feedback is appreciated.