Skip to content
BOL Conferences
Learn More - Click Here!

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums State-Specific Compliance Issues Massachusetts SAR Filing & Notification of Regulators
Thread Options
#384798 - 07/13/05 03:04 PM SAR Filing & Notification of Regulators
Anonymous
Unregistered

Are we required in MA to notify either the FDIC or DOB when a SAR is filed?

Return to Top
#384799 - 07/13/05 03:06 PM Re: SAR Filing & Notification of Regulators
P*Q Offline

Power Poster
P*Q
Joined: May 2001
Posts: 8,458
Somewhere
No, the filing of the SAR itself will be forwarded to the appropriate agency.

Return to Top
#384800 - 07/13/05 03:17 PM Re: SAR Filing & Notification of Regulators
Anonymous
Unregistered

That's what I thought would happen. Thanks,Pizzaz

Return to Top
#384801 - 07/15/05 01:56 PM Re: SAR Filing & Notification of Regulators
learningbanker Offline
Member
Joined: Nov 2004
Posts: 76
Massachusetts
The only time you need to notify someone else of the SAR would be for insiders. You must send a copy of the SAR to the Div of Banks and also to FDIC
_________________________
Learning Banker

Return to Top
#384802 - 07/20/05 02:07 PM Re: SAR Filing & Notification of Regulators
Anonymous
Unregistered

would insiders include a teller?

Return to Top
#384803 - 07/20/05 02:24 PM Re: SAR Filing & Notification of Regulators
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Absolutely. For the purpose of SAR filing, an insider includes anyone from the board level on down in the organization.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  John Burnett