Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum SARs on Identity Theft
Thread Options
#1796062 - 03/19/13 12:02 PM SARs on Identity Theft
Kristen C. Offline
Junior Member
Joined: Jan 2008
Posts: 30
If you have a customer who is a victim of Identity Theft is a SAR required if it did not involve any security/privacy issues on the part of the Bank?

Return to Top
BSA/AML/CIP/OFAC Forum
#1796112 - 03/19/13 02:01 PM Re: SARs on Identity Theft Kristen C.
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
No, not if it did not involve your institution:

"committed or attempted against the financial institution or involving a transaction or transactions conducted through the financial institution"
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z