Who else has had experience with suspected money laundering involving cash deposits with withdrawals by debit card at an out of state casino? Cash deposits are made to a personal account, majority under $2,500 to never hit large cash item reports. Deposits are made at 2 different branch locations but not on the same day. Then immediately calls the main office requesting to have debit card transaction & ATM limits cleared. The same day, multiple withdrawals are made by their debit card at an out of state casino (POS & ATM) for amounts from $64.95 to $504.95. Doing a little research, it appears to have been happening frequently.
Our first Political Action Committee account. What do we need to know and do?
Today we are converting bad checks to ACH for our customers. The vendor we currently use is sunsetting their product. My prior experience is that we had a referral relationship with a 3rd party that we would connect a customer with - not something we did in house. Anyone have vendor recommendations for in house and 3rd party?