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#1147568 - 03/19/09 12:48 PM SAR for Kiting?
Anonymous
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Employee caught kiting and they were asked to close the account. There was no loss to the bank. Must we file a SAR? If so, shouldn't that automatically mean termination?

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#1147588 - 03/19/09 01:13 PM Re: SAR for Kiting? Anonymous
RR Joker Offline
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If it meets the dollar reporting threshold...yes.

Ack! I see you are talking about an employee that's doing the kiting...yes..there is no threshold for employees!

Termination? That would depend on your bank's policy on such matters.
Last edited by RR joker; 03/19/09 01:14 PM.
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#1147894 - 03/19/09 05:25 PM Re: SAR for Kiting? RR Joker
Skittles Online
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At my previous employer this was automatic termination.
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#1147909 - 03/19/09 05:36 PM Re: SAR for Kiting? Anonymous
J2C Offline
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Big Brother knows and that's a...
Originally Posted By: Anonymous
Employee caught kiting and they were asked to close the account. There was no loss to the bank. Must we file a SAR? If so, shouldn't that automatically mean termination?


Insider abuse warrants a SAR regardless of dollar amount.

Termination is up to your bank's policies. We've filed SARs on employees that have not resulted in termination, where others have. For various reasons.
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#1147988 - 03/19/09 06:40 PM Re: SAR for Kiting? J2C
Anonymous
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What is a circumstance where you would file an employee SAR and not terminate them?

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#1149854 - 03/23/09 07:14 PM Re: SAR for Kiting? Anonymous
WonderWoman Offline
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gone fishin'
Originally Posted By: Anonymous
What is a circumstance where you would file an employee SAR and not terminate them?


In my opinion there isn't one ... but that's just my humble opinion.

I always tell Senior Management ... would YOU like to explain to the Board why we're still employing someone who is conducting Suspicious Activity?
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#1154763 - 03/31/09 06:17 PM Re: SAR for Kiting? Anonymous
Anonymous
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Yes they should be terminated. End of story. Also, fill out a SAR so they can be investigated. You know if their other financial institution will fill out one as well to match your kiting story.

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