BSA/AML Examiner School - December 2022

12/1/2022

Example 2: Suspicious Activity - customer, Jeffery Smith, opened checking account #33611440 on January 25, 2020 with an initial deposit of $34,300.00. The deposit consisted of $34,000.00 cash and a foreign check in the amount of $300.00. A CTR was filed for this deposit on February 6, 2020, with a Tracking ID of XXXXXXX and a BSA ID of XXXXXX. Our records indicate that Mr. Smith's date of birth is October 16, 2000, making him 19 years old. He is currently employed by Southern Lakes Trucking, LLC as a truck driver, and when the account was opened on January 25, 2020, our records indicate he was employed at Southern Lakes Farm, Southern Lakes, GA, as a farm hand. When our New Accounts Representative asked where he got this much cash from, he stated he had been saving up. On February 5, 2020 he made a cash deposit of $2,500.00. On February 12, 2020 he deposited $700 cash along with a foreign check drawn on Mark Berton Trucking, LLC, in the amount of $300.00, for a total deposit of $900.00. The check was drawn on XX Bank, routing number XXXXXXX, account number XXXXXX, check number 6500. The other transactions on the account are debit card transactions. Due to the fact that Mr. Smith deposited a large amount of cash when he opened the account and is at such a young age, this activity has been deemed suspicious, and a SAR is being filed. Supporting documentation can be located at the bank's main office.

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Example 3: Ben Tallwood stole $3000 from his teller drawer. He told his supervisor that a gentleman came to his home the first week of April and mentioned his brother Laney Tallwood (who has been in a lot of trouble and is currently in jail) owed his employer a lot of money. The gentleman knew Tallwood’s name, his girlfriend’s name, parents’ names and even his dog’s name. He even had everyone's addresses. He knew that Tallwood worked at a bank and a lot of other personal information on all of them. The gentleman gave him 2 weeks to try and get the money. Tallwood was scared and didn't know where to turn to so he attempted to get loans to cover the debt but due to time limitations and complications on getting approved for the loan he panicked. Over the course of a week or so he took $4000 from his teller drawer. He paid the gentleman and hasn't seen or heard anything else. Tallwood had paid back $110.00 and was going to receive money next week to pay the rest. The supervisor had done a surprise audit on all the teller drawers and his came up $3890.00 short. He would force balance his drawer each day showing he had more strapped money than he had. The bank did contact the Police Department to press charges against Mr. Tallwood. Documentation available upon request.

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