Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#6
02-14-2007, 08:59 PM
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Re: Fund Transfer
[ QUOTE ]
I was moving cash from the safe in to the checking account every few weeks and asked my banker to make sure that I stayed under the radar. ------------------- Chris 1967 Yenko Stinger YS-199 Southeast of Disorder [/ QUOTE ] Guess what! What you did right there was an automatic trigger for a SAR "suspicious acitivity report" to be filed by the bank. If your banker did not fill out the reports, he can face serious consequences for hiding the info, even though there was no criminal intent to hide anything. It is a mandatory reporting requirement for anyone making large deposits or attempting to circumvent the reporting of large deposits.  
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