Possible Employee Structuring, SAR-able

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Question:

I overheard one employee of the bank asking a second what amount of cash triggers a CTR. Then she called a family member and said that she was holding the other cash from the fireworks sales until Monday to do a second deposit. I wonder what my liability is on this? I feel that I need to file some type of suspicious activity report. Would that be correct?

Answer:

You definitely need to kick this up to a supervisor, and I suggest you notify your BSA or security officer, whoever does SAR filing.

This is serious stuff, as you already know. In many banks, this person would already be on the way to "Do you want fries with that?"

First published on BankersOnline.com 11/15/04