Thread Options
#1828068 - 06/26/13 09:35 PM File SAR on attempted fraud?
abrigok Offline
New Poster
Joined: Jun 2013
Posts: 3
We received a call from the originating bank indicating that an incoming wire that was destined for our customer had been stopped as their customer's email had been hijacked and the wire wasn't authorized by their customer.
In speaking to our customer, it seems she fell victim to a Facebook scam. A FB friend, that she had never met, wanted to send her $18,430.00 to help her out. She was instructed to tell the bank, if asked, that it was for a mortgage loan.

Although the fraud was prevented, can we or should we file a SAR, even though the dollar threshold wasn't met?

Return to Top
BSA/AML/CIP/OFAC Forum
#1828087 - 06/26/13 10:43 PM Re: File SAR on attempted fraud? abrigok
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,290
Galveston, TX
Depending on if you want to waste your time or not. Unless you have some solid evidence that you think will assist law enforcement to catch the perps, it is probably a waste of time.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#1828136 - 06/27/13 01:23 PM Re: File SAR on attempted fraud? abrigok
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,483
Pulling people out of the ditc...
With the wire not being sent, why would the originating bank feel the need to notify your bank? I see no reason for you to spend another second on this, much less file a SAR.
_________________________
Providing alternative truths since the invention of time

Return to Top
#1828226 - 06/27/13 03:37 PM Re: File SAR on attempted fraud? abrigok
abrigok Offline
New Poster
Joined: Jun 2013
Posts: 3
Kind of what we were thinking but wanted to get other feedback! thanks!

Return to Top
#1828240 - 06/27/13 03:54 PM Re: File SAR on attempted fraud? abrigok
MDShoregirl Offline
Junior Member
Joined: Oct 2008
Posts: 32
A similar thing happend here. While a SAR was not needed, I did do a short write up and put this in my "SAR Not Filed" file just so the examiners would know that we did some due diligence.

Return to Top

Moderator:  Andy_Z