Re:Leak reveals $2T of possibly corrupt US financial activity
by adrr on Thursday September 24, 2020 @02:55PM
(#24582187)
I should clarify, any large transfer to an individual that hasn’t demonstrated access to large amount of capital will generate a SARS. If your not a private client at your bank and you get a $10mm wire will more than likely will generate a SARS and lots of phone calls from the compliance dept at the bank. That like the text book definition of a suspicious transaction. Low balance accounts getting large transfers.
No. It will generate a CTR. It may generate a SAR.