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Do We Fill Out a SAR on a Suspected Check Kiter

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I have a business customer that I suspect is kiting. She makes deposits to the one account with us from other accounts (different business names, tax IDs) that she has with another bank. She is consistently on our NSF report and Suspect Kiting report. These checks are what she deposits to cover her NSFs. Should I make out a Suspicious Activity Report on this customer?

Absolutely, if the deposits and withdrawals aggregate more than $5,000.

First published on 1/2/06

First published on 01/02/2006

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