SAR Required on One Time Deposit or Withdrawal?

Assuming you are talking about a SAR for structuring, in my opinion, it would not automatically warrant a SAR or a SAR investigation. There would need to be other factors that contributed to a suspicion of structuring. If your teller reports that the customer came in, asked several questions about CTR reporting and then made a $9,500 cash deposit that one transaction would warrant a SAR investigation in my opinion. You've got additional facts other than just the deposit.

First published on BankersOnline.com 3/10/08