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SARs do not automatically result in you being booted out. SARs are objective in nature and the criteria is well defined. I’d you have ever deposited more than
by GhettoMaestro 7y ago
SARs do not automatically result in you being booted out. SARs are objective in nature and the criteria is well defined.
I’d you have ever deposited more than 10k in cash or received a 25k+ wire, you probably has a SAR created for that transaction.
- ceejayoz 7y agoWiki says it's a lot more than that. > In the United States, FinCEN requires that an SAR be filed by a financial institution when the financial institution suspects insider abuse by an employee; violations of law aggregating over $5,000 where a subject can be identified; violations of law aggregating over $25,000 regardless of a potential subject; transactions aggregating $5,000 or more that involve potential money laundering or violations of the Bank Secrecy Act; computer intrusion; or when a financial institution knows that a customer is operating as an unlicensed money services business. Just getting a $10k transfer doesn't sound like it'd trigger any of those.
- GhettoMaestro 7y agoGetting a $10k transfer with other contextual information could easily make it all under one of those scenarios.
- ceejayoz 7y agoSure, just like shooting a gun: "other contextual information" like "the bullets hit someone" makes a big difference.