Skip to content
BOL Conferences
Thread Options
#1831209 - 07/09/13 03:30 PM Safe Deposit Box SAR Question
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
Is there a dollar threshold for SARs involving Safe Deposit Boxes?

Thank you.

Return to Top
BSA/AML/CIP/OFAC Forum
#1831210 - 07/09/13 03:32 PM Re: Safe Deposit Box SAR Question mdog76
Dani York, CRCM Offline
Power Poster
Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
The SAR reporting thresholds do not differ based on account type, they are purely based on subject type (employee, known suspect, or unknown suspect). So if you have a known suspect who is not an employee, you are required to report if the suspicious activity is $5000 or greater.
_________________________
I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.

Return to Top

Moderator:  Andy_Z