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#1715218 - 06/28/12 01:27 PM SAR for Insider Relationship
Kristen C. Offline
Junior Member
Joined: Jan 2008
Posts: 30
If you are filing a SAR on someone who is not a "payroll" employee like a Director, in Part II section 31 of the SAR do you check Yes for insider relationship?

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#1715233 - 06/28/12 01:43 PM Re: SAR for Insider Relationship Kristen C.
Cbecotte Offline
Member
Joined: Jun 2009
Posts: 72
Massachusetts
"Insider abuse involving any amount. Whenever the financial institution detects any known or suspected Federal criminal violation, or pattern of criminal violations, committed or attempted against the financial institution or involving a transaction or transactions conducted through the financial institution, where the financial institution believes that it was either an actual or potential victim of a criminal violation, or series of criminal violations, or that the financial institution was used to facilitate a criminal transaction, and the financial institution has a substantial basis for identifying one of its directors, officers, employees, agents or other institution-affiliated parties as having committed or aided in the commission of a criminal act regardless of the amount involved in the violation."

Yes, you would check "yes".

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