Explain analyst why that additional information will useful

Assignment Help Other Subject

Reference no: EM133528359

Problem

As BSA Officer, one of your Analysts presents you the following SAR narrative for your review:

Mr. and Mrs. Johnson own three convenience store/gas stations in South Florida. The Johnsons are new customers to the Bank as of October 2016, when they opened a personal savings account and a HELOC loan.

When the account was opened, the Johnsons stated they would make cash deposits between $3,000 and $5,000 to the personal savings account every week as their compensation from the businesses. The first deposit to the account was $52,000 in cash and they made cash deposits as expected in November and December.

Beginning in January, the cash deposit amounts have increased and, with several just below $10,000. They appear to be structured. Despite the many deposits, the Johnsons keep a small balance in the savings account because after every deposit a transfer is made to pay down the loan. The initial balance for the new loan on 11/10/16 was $100,000, the loan was paid to zero on 2/23/17.

Below is the list of cash deposits made since account opening:

1) 10/7/16 $52,000
2) 11/8/16 $3,646
3) 11/29/16 $5,500
4) 11/30/16 $7,500
5) 12/7/16 $8,000
6) 12/15/16 $7,950
7) 1/13/17 $10,000
8) 1/17/17 $15,001
9) 1/23/17 $9,980
10) 2/6/17 $5,000
11) 2/13/17 $9,999
12) 2/14/17 $5,000
13) 2/21/17 $9,500.

With this in mind, and being constructively critical:

1) Identify 3 follow-up questions that you would like the Analyst to research or to elaborate further on.

2) For each of those 3 follow-up questions, explain to the Analyst why that additional information will be useful to law enforcement.

Reference no: EM133528359

Questions Cloud

What was the main basis of supreme courts most recent ruling : When it comes to Roe v. wade and Dobbs v. Jackson Women's Health Organization. What was the main basis of the Supreme Court's most recent ruling?

Which federal rules of civil procedure were discussed : Which Federal Rules of Civil Procedure were discussed and why they were at issue in the case? A description of the Zubulake test and how it applied.

Discuss several approaches to organizational design : How would your working life be affected by the organizational theory guiding that agency that you found most helpful?

Describe in detail the process in your state for serving : Describe, in detail, the process in your state (or under F .R.C.P.) for serving a defendant by publication. (Include when it is allowed and the steps leading up

Explain analyst why that additional information will useful : For each of those 3 follow-up questions, explain to the Analyst why that additional information will be useful to law enforcement.

Discuss the formulation of legal submission to be presented : Discuss the formulation of a legal submission to be presented to a mercy committee to influence the release of an inmate. Who has been incarcerated for close?

Identify leadership in healthcare or public health settings : This assignment will require you to identify one peer-reviewed journal article related to leadership in healthcare or public health settings.

How the supreme court would decide law enforcement obtain : Analyze how the Supreme Court would decide whether law enforcement must obtain a warrant to gain access to the information or data collected by that technology.

What was primary reason for choosing dental hygiene program : What was your primary reason for choosing the dental hygiene program and profession?

User Account

All Pages