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#2033292 - 08/12/15 05:41 PM SARS for attempted check fraud
Daisy Doodle Offline
Diamond Poster
Joined: Feb 2014
Posts: 1,030
Southern U.S.
We are filing a lot more SARS at this bank for check fraud than we did at my last bank. The difference is, I've come to realize, is BSA at my last bank pretty much never heard about checks the tellers REFUSED for deposit and here the tellers are trained to send the original bad check in with an incident report on each attempt, whereupon if it's over 5K we file.

I've been surprised how many attempts there are. Any input from the pros out there? Am I stuck with all these SARS plus 90 day reviews?

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BSA/AML/CIP/OFAC Forum
#2033328 - 08/12/15 06:47 PM Re: SARS for attempted check fraud Daisy Doodle
80's Lady Offline
Gold Star
Joined: Apr 2007
Posts: 295
Are you voluntarily filing over 5K without a suspect or are these checks over 25k? We very rarely have a suspect on these checks as our account holder has typically been duped.
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#2033358 - 08/12/15 07:27 PM Re: SARS for attempted check fraud Daisy Doodle
BrianC Offline
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,724
Illinois
Also, if the scam was stopped, consider the SAR reporting guidelines for advance fee scams.
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#2033455 - 08/13/15 01:22 PM Re: SARS for attempted check fraud Daisy Doodle
Daisy Doodle Offline
Diamond Poster
Joined: Feb 2014
Posts: 1,030
Southern U.S.
Very helpful, both of you. I think we can not file many of these.

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