I am wondering if anyone would file a SAR in this case, my instinct is no. We had three checks hit our non-post report that came in through our correspondent bank. The checks have our routing number, but a different bank is listed on the check. The payee is not our customer and the maker is not our customer. The checks are less than $500 and we returned them. I don't think we need to file a SAR. Would any file a SAR in this case?

You don't have a suspect; the filing threshold is $25,000 so no SAR. Unfortunately, in this circumstance you will probably be receiving these items for some time. Start a file...

I didn't think I'd need to file a SAR at this time. I agree that we will probably be getting more of these checks. We received three today. I have my file started!

Keep a running tally and file a SAR when it crosses the $25,000 threshold.

Keep a running tally and file a SAR when it crosses the $25,000 threshold.

You can also keep track of where the checks are being passed. If a pattern develops you can consider contacting the depositary bank(s) to give them a heads up (if they haven't awakened to the facts themselves). Also, the pattern(s) should be discussed in your SAR narrative, if filed.

Think about filing information on the checks -- especially if trends are seen -- with BOL CrimeDex.