#1260181 - 10/01/09 05:47 PM
Desperate for help re SAR on Insider
|
Anonymous
Unregistered
|
For several years I have suspected, but been unable to prove, a lender has been doing deals to benefit himself not the bank. This person was alpha leader of the bank, if you know what I mean, so any allegation I made in conversation with others was quickly shot down and I was told I would lose my job if he found out.
The lender is now gone and a new lender is in his place. He has hired attorneys, who contacted me today, demanding I provide all my past SARs on insiders. When I said there were none, they said I should have been filing on the alpha lender. The attorneys said I don't need proof, just suspicion and I should file.
Is that correct? Just because I suspect someone may be getting a kickback because I can't understand why he is doing loans with low fees, or little or no collateral, I am required to file? I would be filing on every insider!! I realize it is a suspicious activity report, but I believe your suspicions have to be based on some fact. Am I wrong?
Please help.
|
Return to Top
|
Reply
Quote
Quick Reply
Quick Quote
|
|
|
|
|