Suspicious activity reports are relatively rare. There's something that the bank files with the treasury department when they believe there may be evidence of criminal conduct. And If you or I or Ben went and created a shell company, a company that did nothing, that had no employees, that was not a going business, and that shell company began getting multimillion dollar wires from China, from Russia, from Ukraine, that would be the sort of conduct that would trigger a suspicious activity report if any of us did that. Is that right? That's exactly right. We released an email last week that kind of showed the thought process by a bank examiner. (09:18–09:39)
CLAIM
Asserts that creating a shell company receiving multimillion-dollar wires from foreign countries would trigger a suspicious activity report.
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