We recently learned that our institution's cashier's checks are being counterfeited. What is our obligation, if any, to report this incident and how do we report it?

If you are a National Bank:

National banks that become aware of counterfeit or stolen financial instruments are encouraged to notify the OCC's Special Supervision Division by e-mail at occalertresponses@occ.treas.gov or telephone at (202) 649-5470, and are required to notify law enforcement of certain suspected violations of law and suspicious transactions by filing a Suspicious Activity Report pursuant to 12 CFR 21.11.

I'm not aware of similar guidance from the other agencies, but maybe someone else can chime in.

Welcome to BOL

I have received notice for this type of activity through a service called Crimedex which I was introduced to through Bankers Online but I don't know what obligations you may be under to report it. I might reach out to our primary regulator and see what guidance they have.

Thank you for the information.

We have already filed a SAR on the incident, just want to make sure we don't have any other obligations.