Suspicious Activity Report (SAR)

Institution Name: Vyceri Bank

Institution Address: 1234 Financial Avenue, Metropolis, USA

Contact Person: Michael Thompson, Compliance Officer

Phone Number: (555) 123-4567

Type of Report: Initial Filing

Report Number: SAR-2023-0042

Name: Emily Johnson

Address: 7890 Pine Street, Suite 101, Metropolis, USA

Date of Birth: February 14, 1985

Social Security Number: XXX-XX-1234

Account Number(s): 987654321

Occupation: Freelance Consultant

Date(s) of Activity: September 20, 2023 - October 5, 2023

Type(s) of Suspicious Activity:

• Possible Money Laundering
• Unusual Cash Transactions
• Unexplained Wire Transfers

Amount Involved: $120,000

Account(s) Affected: 987654321

Between September 20 and October 5, 2023, Emily Johnson conducted several transactions that are inconsistent with her established banking patterns. Ms. Johnson's account typically reflects monthly deposits of approximately $8,000 related to her freelance consulting services.

During the specified period, she made three large cash deposits of $40,000 each, totaling $120,000. The deposits were made at different branch locations across the city. The source of these funds was not disclosed, and the amounts significantly exceed her usual income.

Additionally, shortly after each deposit, Ms. Johnson initiated international wire transfers to accounts in Country Y, which is known for limited financial transparency. The wire transfers were structured in amounts just below $10,000 to avoid reporting thresholds.

When contacted by the bank's customer service representative on October 6, 2023, Ms. Johnson stated that the funds were related to a personal investment opportunity but did not provide further details. Her explanation was vague and did not align with her typical financial activities.

Based on these observations, the bank suspects that the transactions may involve money laundering activities or other illicit financial behavior. The pattern of deposits and immediate international transfers to a high-risk jurisdiction raises concerns that warrant reporting.

The following documents are attached to this report:

• Transaction history for account 987654321 (August 1 - October 15, 2023)
• Copies of deposit slips and wire transfer forms
• Customer identification documents (Driver's License, Proof of Address)
• Internal memos and notes from customer interactions on October 6, 2023
• Risk assessment reports for transactions involving Country Y

Please refer to these documents for detailed transaction amounts, dates, times, and branch locations.

Upon identifying the unusual activity, Vyceri Bank's compliance team initiated enhanced due diligence procedures. The account has been flagged for continuous monitoring, and all future transactions will be reviewed in real-time.

The bank has not informed Ms. Johnson of the SAR filing, in compliance with regulatory confidentiality requirements. No holds have been placed on the account, but large transactions may be subject to additional scrutiny.

Internal departments, including Legal and Risk Management, have been notified. The bank is prepared to cooperate fully with law enforcement agencies for any further investigation.

Glossary of Terms:

• Money Laundering: The process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions.
• Structuring: The act of breaking up financial transactions to avoid reporting thresholds and regulatory scrutiny.
• High-Risk Jurisdiction: A country identified as having weak anti-money laundering controls and limited financial transparency.

Regulatory References:

• Bank Secrecy Act (BSA)
• USA PATRIOT Act
• FinCEN Guidance on SAR Filing
• OFAC Sanctions Lists