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BOL Conferences Top Gun 23
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#2150895 - 10/23/17 10:35 PM SAR Review Period
TryingtoComply Offline
Diamond Poster
Joined: Apr 2013
Posts: 2,097
The West
I'm sure this has been answered before, but here goes.....

When conducting a review of activity do you instruct your analysts to review activity to the current date or do you have a hard stop at the previous month end?

For example, at my new bank we run our batch for the month. Analysts are instructed to review the previous three months activity. Activity occurring in the current month would not be reported until the next batch or when the supplemental SAR is prepared.

I have never done it this way. There are occasions when there is activity occurring in the current month that makes the activity look more suspicious, so I want to include it.

I know that this requires some attention to the dates when filing a supplemental SAR, but that can be documented on a worksheet.

Curious to know what others are doing.

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#2150921 - 10/24/17 01:24 PM Re: SAR Review Period TryingtoComply
Daisy Doodle Offline
Diamond Poster
Joined: Feb 2014
Posts: 1,030
Southern U.S.
I always review to current--in fact I check again before approving the SARS to file in case anything else can be included. Could save me filing a supplemental SAR to include everything suspicious. In our 90 day reviews, we document the activity 'through date' for the previous SAR and start from there.

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#2150963 - 10/24/17 04:31 PM Re: SAR Review Period TryingtoComply
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
We review activity up to the current business day. As you mentioned, this gives us a better idea of the activity and also may help us to avoid a loss if we catch it soon enough.
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2151163 - 10/25/17 07:34 PM Re: SAR Review Period TryingtoComply
Just Jean Offline
Platinum Poster
Joined: Feb 2002
Posts: 582
Sometime up through that very day.

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