“Suspicious Activity Reports”? I’ve never heard of those. What are you up to if you have to provide that in the first place?
“ “Suspicious Activity Reports”? I’ve never heard of those. What are you up to if you have to provide that in the first place?”
They are a financial report that is REQUIRED of any bank, brokerage or other financial entity when they SUSPECT (no proof required) that something illegal is happening. Attempts to launder money, dealing with foreign entities, making a series of large transactions, large cash transactions are but a few things that must be reported.
More info here: https://www.fincen.gov/suspicious-activity-reports-sars
Transactions over $9000 are flagged by the treasury dept. I’m betting hunter and Joe have reports 10 ft thick.