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#2146653 - 09/19/17 05:36 PM Final SAR??
AuditorK Offline
Platinum Poster
Joined: Feb 2003
Posts: 961
PA
If suspicious activity stopped since the last SAR, but other things happened...such as, the accounts involved were closed and investigative subpoenas were received on the customer...should we file a SAR just to mention those two updates? I didn't know if it was a good practice to do a final "wrap up" SAR or if just documenting the SAR file was good enough. Any opinions are appreciated!

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#2146659 - 09/19/17 05:55 PM Re: Final SAR?? AuditorK
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,011
Illinois
Quote:
suspicious activity stopped


Here is your answer. There is no such thing as a "wrap up SAR." No suspicious activity = No SAR.
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#2146660 - 09/19/17 05:56 PM Re: Final SAR?? AuditorK
bcompliance Offline
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Joined: Sep 2014
Posts: 1,226
I would not file since the activity stopped.
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CRCM, CAMS

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#2146666 - 09/19/17 06:04 PM Re: Final SAR?? BrianC
AuditorK Offline
Platinum Poster
Joined: Feb 2003
Posts: 961
PA
That's what I was hoping to hear. Much less work that way. Thanks.

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#2146765 - 09/20/17 11:28 AM Re: Final SAR?? AuditorK
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
At most, a memo to file explaining why no SAR was filed...
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