Skip to content
BOL Conferences
Thread Options
#1130665 - 02/17/09 01:33 PM SARs and data breechs
YHWB Offline
Platinum Poster
Joined: Apr 2005
Posts: 634
Out there
If a third party provider has a data breech and some of our customers are affected, do we need to complete a SAR? For example with the recent Heartland breech. Seems that if every bank that had a customer affected completed a SAR, the redundancy would not be valuable to law enforcement.

Return to Top
BSA/AML/CIP/OFAC Forum
#1130671 - 02/17/09 01:40 PM Re: SARs and data breechs YHWB
J2C Offline
Diamond Poster
Joined: May 2004
Posts: 1,475
Big Brother knows and that's a...
The only time I would file a SAR is if the customer actually had fraud as a result of the breach.
_________________________
My opinion is mine only- not my employer's!


Return to Top

Moderator:  Andy_Z