From these circumstances? The bank doesn't know the circumstances. All they have to do is take the check and send out the money to everyone.
What are they going to say "We here at BoA don't want you filthy money, Roman"?
Roman is living off our money right now and every day this waits is one less % of our money we won't get back. Roman is a liar and thief until he can prove otherwise by giving us our money back. There is nothing stopping him from sending us our money.
As a non tenured professor, I move pretty often.
There was a fund raiser for me about a year and a half ago. I had about $3,500 in checks, approximately $50 each, made out to me. Essentially all of the checks were drawn on a few banks in town. I had bills in my name in town to prove residency, a requirement to open an account.
I had a respectable job.
Two banks declined to accept the checks and open an account. The third bank welcomed my business.
So, again, I invite anyone to identify a bank that will open an account that is associated with bitcoin, with a check that is between $100,000 and $1,000,000, and the need to make payments to a large number of people. Be sure to disclose the FinCEN guidelines to the bank before opening the account, because surprising a bank is a bad idea.
I claim that it is not all that easy. A post of "what could go wrong" only proves to me that you have not tried. If you do have success and can name a bank, an officer, and his contact information in PM, you just may help the entire process move forward.
Again, if you think it is trivial, make it happen, take a 1% fee for your work.