Federal law requires us to report certain cash activity. There are three reports: a SAR for suspicious transactions of $2,000 or more, a CTR for cash transactions over $10,000 in one day, and a CMIR for carrying more than $10,000 in or out of the country. If you see something suspicious, you must tell the BSA/AML Compliance Officer that same day. Never tell a customer that a report was filed — this is the law. Breaking up cash on purpose to avoid the $10,000 limit is called structuring. It is illegal. In Florida, any employee who helps a customer structure transactions can face felony charges. When in doubt, report it to the BSA/AML Compliance Officer.
", "narration_text": "Federal law requires us to report certain cash activity. There are three reports: a SAR for suspicious transactions of $2,000 or more, a CTR for cash transactions over $10,000 in one day, and a CMIR for carrying more than $10,000 in or out of the country. If you see something suspicious, you must tell the BSA/AML Compliance Officer that same day. Never tell a customer that a report was filed — this is the law. Breaking up cash on purpose to avoid the $10,000 limit is called structuring. It is illegal. In Florida, any employee who helps a customer structure transactions can face felony charges. When in doubt, report it to the BSA/AML Compliance Officer." }