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#1483702 - 12/21/10 08:50 PM Followup SAR filing
nemsi Offline
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Joined: Nov 2005
Posts: 383
SAR filed and now time for 90 day review. The activity reported was loan fraud and even though the accounts are still active there has been no activity conducted through the accounts. At the time of the filing law enforcement had not been contacted but are now working on the case. Other than being able to name the law inforcement officer and possibly mention newspaper article with regard to the businesses i have nothing new to report. Should i still file a followup with this limited info?

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#1483733 - 12/21/10 09:27 PM Re: Followup SAR filing nemsi
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Quote:
...there has been no activity conducted through the accounts.


Your responsibility to file continuation or follow-up SARs is contingent on the activity continuing after the first SAR was filed. As you say, you would not have anything to write about if you file another SAR.
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#1483738 - 12/21/10 09:31 PM Re: Followup SAR filing Elwood P. Dowd
nemsi Offline
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Joined: Nov 2005
Posts: 383
Thanks Ken.

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