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#2009563 - 04/22/15 06:01 PM 90 day SAR review and filing deadline
Rae Offline
100 Club
Rae
Joined: Nov 2003
Posts: 192
Need some clarification please, when completing a 90-day SAR I have been told to review the complete 90 day segment and be sure to have it filed within the preceding 30 days = 120 day period. Is this correct?

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BSA/AML/CIP/OFAC Forum
#2009595 - 04/22/15 07:37 PM Re: 90 day SAR review and filing deadline Rae
Sunshine Lady Offline
Platinum Poster
Sunshine Lady
Joined: Apr 2014
Posts: 681
A continuing report should be filed on suspicious activity that continues after the initial filing. Banks may file SARs for continuing activity after a 90 day review with the filing deadline being 120 days after the date of the previously filed SAR. Banks may file SARs on continuing activity earlier than the 120 day deadline if the Bank believes the activity warrants earlier review by law enforcement.
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Define Success on your own terms, achieve it by your own rules, and build a life you are proud of. Anne Sweeney

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#2009607 - 04/22/15 08:01 PM Re: 90 day SAR review and filing deadline Rae
Rae Offline
100 Club
Rae
Joined: Nov 2003
Posts: 192
Thank you Sun Shine Lady, that's what I thought! You have provided me with the support that I needed. Have a great day!

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