Skip to content
GeoDataVision
Thread Options
#1396654 - 05/26/10 07:59 PM file a sar?
LisaL Offline
Junior Member
Joined: Oct 2008
Posts: 35
we have a business account, an employee attempted to wire herself $1000.00 but was unsuccessfull, thanks to our wire dept.
I only know employee name and social number, no other information on file.
do we file?
TIA
Lisa

Return to Top
BSA/AML/CIP/OFAC Forum
#1396666 - 05/26/10 08:03 PM Re: file a sar? LisaL
JacF Offline

Power Poster
Joined: Nov 2001
Posts: 6,719
PA
Whose employee?

If it was an employee of the business, a SAR is not required, since the activity is below the $5000 threshold.

If it was an employee of the bank, a SAR is mandatory, because the threshold for insiders in $0.

Return to Top
#1396669 - 05/26/10 08:05 PM Re: file a sar? JacF
LisaL Offline
Junior Member
Joined: Oct 2008
Posts: 35
it was an employee of the business.
$5000.00 that's correct thanks for your reply.

Return to Top

Moderator:  Andy_Z