I know that filing a police report for check fraud doesn't alleviate our need to file a SAR if we identify the suspect and the amount aggregates over $5,000 or if we don't know the suspect and it is over $25,000.
Since it's not specifially mentioned in the exceptions in 1020.320, we're required to file, correct? This is the first instance we've had that we have met the filing requirement and I may get some pushback on filing. I want to have my documentation in order.https://www.bankersonline.com/regulations/142713
(c) Exceptions. A bank is not required to file a SAR for a robbery or burglary committed or attempted that is reported to appropriate law enforcement authorities, or for lost, missing, counterfeit, or stolen securities with respect to which the bank files a report pursuant to the reporting requirements of 17 CFR 240.17f–1.