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#1629802 - 11/17/11 06:29 PM SAR
Anonymous
Unregistered

If someone forged a signature on a "2 signature required account" (signed both names on the check) are we required to file a SAR? They admitted signing both names, the other person is no longer affiliated with the account and thought they had been removed/replaced by someone else a long time ago.

Thanks ahead of time for any help someone can give. smile

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#1629831 - 11/17/11 06:56 PM Re: SAR Anonymous
Anonymous
Unregistered

It really depends on whether their corporate docs and signature card were updated as appropriate. It seems like a matter of operations rather than BSA.

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#1629835 - 11/17/11 06:57 PM Re: SAR Anonymous
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,258
Florida
If the check amount hit the minimum $5000 threshold.
_________________________
Integrity. With it, nothing else matters. Without it, nothing else matters.

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#1629842 - 11/17/11 07:02 PM Re: SAR Rocky P
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 3,993
New York City
If it hits the threshold, it sounds like check fraud to me. This would require an SAR.
_________________________
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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#1629853 - 11/17/11 07:18 PM Re: SAR ACBbank
Anonymous
Unregistered

Thanks for all your help !

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#1629865 - 11/17/11 07:33 PM Re: SAR Anonymous
Anonymous
Unregistered

Forgery is Forgery there is no excuse. A SAR should be filed.

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#1629948 - 11/17/11 09:16 PM Re: SAR Anonymous
West Coast Comp Offline
Gold Star
West Coast Comp
Joined: Jun 2010
Posts: 350
Lost in the rain.
I would agree that it is fraud.
_________________________
Where I go there I am. smile

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