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Old Jan 6, 13, 10:59 am
  #67  
NYBanker
 
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
Originally Posted by Stubtify View Post
Just want to mention: there is no hard/fast rule as to when a bank can flag you for a SAR (suspicious activity report). Everyone throws around the $10k number; it really should be a $5k number, and the amount is not the only thing that applies. People who are legitimately laundering know about this limit, and do things like deposit $4000 at a time at 20 different banks to get $80,000 into the system.

Some interesting reads about true laundering start on page 26, but the whole document is a good quick read:

Basic advice, what any/all of us are doing can look bad to a teller. Can't fault them for that if you get shut down--just make sure to keep your real banking separate from the shenanigans. ADK got shut down at one of his local branches because a new teller thought something smelled funny.
May I ask what this means? Did the branch say not to come back again? What are the broader facts...Was he a depositor there? Was he going in daily for four-digit amounts?

It would be easy to trip a bank's flagging system if you wanted to.
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