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Customer Withdraws $10K for 3 Consecutive Days

When it comes to BSA Compliance - If a member/customer withdraws $10K each day for 3 consecutive days, in what circumstance would one not think this is a reportable suspicious activity?

by Randy Carey:

Under no circumstances that I can think of would a SAR not be required.


by David Dickinson:

I agree with Randy, but it's also best to try to determine a reasonable explanation. Maybe there is one. Why not ask the customer?

First published on 07/15/2018

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