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Cashier’s Checks and Money Laundering

Answered by: 

Question: 
Why do examiners care about cashier’s checks where the remitter and payee are the same?
Answer: 

Many regulators are still looking at outstanding cashier’s checks where the remitter and payee are the same. This is a technique to hide money from the IRS.

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First published on 06/20/2021

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