Banking Operations 149
record identifying information.) Funds can also be withdrawn
from a customer’s account to pay for the cashier’s check.
Cashier’s checks provide fabulous leads in a nancial
investigation because they are so often used for the acqui-
sition of big-ticket assets such as houses, cars, boats, and
businesses. Cash is nice, but legitimate individuals and busi-
nesses do not want the problems connected with accepting
several hundred thousand dollars in small bills for a large
purchase. Similarly, they may want more security than they
can get from a personal check. The cashier’s check provides
a perfect balance.
The other reason that cashier’s checks make good leads is
that they are traceable. The tracing process ...