Without getting into too many details, after much research and internal debate over a situation with a borrower, we filed a SAR. We just found out today that the borrower provided documentation yesterday, along with proof from the IRS, that gives us enough comfort that the transaction truly was not suspicious. Had we known this information prior to Friday we would not have filed a SAR, just documented everything to support our decision not to file.
We're not sure now what to do. Can you even file an amended SAR to simply state you no longer believe the activity to be suspicious? Help would be appreciated, I have not run into this before.