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File a SAR on a Counterfeit Bill?

Do we need to send a SAR when we receive a counterfeit bill even if we turn the bill over to the Secret Service?

Answer by Randy Carey:Only if you received more than $5,000 worth which would be the trigger for the SAR, if you have a suspect.


Answer by Jim Bedsole:Unless, of course, you received the counterfeit bill from a bank employee in which case there is no dollar threshold for SAR filing.

First published on 7/10/06

First published on 07/10/2006

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Filed under security as: 

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