Our institution recently received a letter from the Treasury's Bureau of Public Debt informing us that our institution paid bonds to an impostor. Based upon further investigation we concurred with the Treasury's claim. Question: Should a SAR be filed in this case as the Treasury Dept. notified/informed the financial institution of the suspicious activity?

I am of the opinion that the bank should file an SAR as I can find no exception to the reporting requirement in situations such as those mentioned above. Your thoughts and adice please.

I agree that this is SARable if it meets the reporting threshold.