Dealing with Counterfeit Postal Money Orders

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Question:

We have a case of counterfeit US Postal money orders. Do I have to report that to FBI or Secret Service? If so, how? Do I just call them?

Answer:

If the money orders total $5,000 or more and you have an identifiable suspect, you must file a SAR. If they total $25,000 or more, whether or not you have a suspect, you must file. Whether or not you must file a SAR, I suggest you contact the most local office of the U.S. Postal Inspection Service, which you can locate on the Service's website.

First published on BankersOnline.com 10/18/10