Thread Options
#2162598 - 01/31/18 07:01 PM SAR Question - Counterfeit checks
Banker1969 Offline
New Poster
Joined: Oct 2005
Posts: 18
Midwest
We have a corporate customer that has had counterfeit checks drawn on their account. So far, the total is over $300,000.00, and fortunately, no loss has been suffered.

In filling out a SAR for this case, what do I use in Step 3, Subject information? What goes in there when we don't know who the fraudsters are?

Thanks for any help.

Return to Top
BSA/AML/CIP/OFAC Forum
#2162621 - 01/31/18 07:45 PM Re: SAR Question - Counterfeit checks Banker1969
bcompliance Offline
Diamond Poster
Joined: Sep 2014
Posts: 1,228
Check the box for unknown subject
_________________________
CRCM, CAMS

Return to Top
#2162624 - 01/31/18 07:47 PM Re: SAR Question - Counterfeit checks Banker1969
bcompliance Offline
Diamond Poster
Joined: Sep 2014
Posts: 1,228
_________________________
CRCM, CAMS

Return to Top
#2162639 - 01/31/18 08:16 PM Re: SAR Question - Counterfeit checks Banker1969
Banker1969 Offline
New Poster
Joined: Oct 2005
Posts: 18
Midwest
Thank you!

Return to Top
#2162796 - 02/01/18 08:02 PM Re: SAR Question - Counterfeit checks Banker1969
80's Lady Offline
Gold Star
Joined: Apr 2007
Posts: 295
Have you ruled out the payees on the checks as subjects?
_________________________
I use to think I was a smart cookie before I started working in Compliance. Now, I have mastered the art of the blank stare!

Return to Top

Moderator:  Andy_Z