Thread Starter: Anonymous
Title: Re: Cash stored in a safe deposit box - SAR?
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Yep, I would file for structuring on that, regardless of where the client is taking the money. And even though he is going into the safe deposit booth, you probably aren't seeing him actually placing the cash in there. For all you know he may be taking more cash out of there to go with what he has from your teller.
When Y2K was on the horizon I had several clients who withdrew large amounts of cash. Some took it home, but one woman straight up told me that she was putting it in her safe deposit box. I kept my mouth shut, but my thought process was that if the whole system collapsed on 01/01/00 then the chances of her getting inside the bank to get into that SDB were slim.
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