Skip to content

When customers hide money

My customer bought three cashier’s checks for $10,000 each and the checks are still outstanding and have been for a while. Do I need to let my BSA Officer know?

Yes, the examiners are interested in customers hiding money and why they are hiding the money. Sometimes we find out it is for a simple reason like a spouse that spends too much money. But sometimes concealing funds is meant to camouflage financial crimes.

Learn more about Deborah's webinar Frontline BSA Training

First published on 05/29/2016

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics