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#2248405 - 01/29/21 08:31 PM Enough Information for a SAR
Susielou Offline
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Joined: Aug 2005
Posts: 328
Midwest
A customer's account started having fraudulent checks come through. The account was closed. There were 26 checks that tried to clear from three different banks. All the checks were mobile deposited to the banks. We don't have much information. Do I file a SAR with suspect information marked as "Unknown?"

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#2248410 - 01/29/21 09:02 PM Re: Enough Information for a SAR Susielou
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,074
Illinois
Depends on whether or not you consider the payees of these checks subjects or scam victims.
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#2248411 - 01/29/21 09:02 PM Re: Enough Information for a SAR Susielou
Skittles Offline
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Skittles
Joined: Sep 2002
Posts: 13,963
TN
And do the checks total $25,000.00 or greater?
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#2248464 - 02/01/21 04:06 PM Re: Enough Information for a SAR Skittles
Susielou Offline
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Joined: Aug 2005
Posts: 328
Midwest
The checks total $20,400. We do not know anything about the payees on the checks.

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#2248466 - 02/01/21 04:20 PM Re: Enough Information for a SAR Susielou
Susielou Offline
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Joined: Aug 2005
Posts: 328
Midwest
Sorry, the checks total $39,900. We do not have any information about the payees of the checks.

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#2248469 - 02/01/21 04:30 PM Re: Enough Information for a SAR Susielou
Local_Banker Offline
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Joined: Jun 2019
Posts: 42
I would file a SAR and list the payee names as subjects. Now that you are over $25,000 you don't have a choice, so you might as well include whatever you have.

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#2248487 - 02/01/21 06:21 PM Re: Enough Information for a SAR Susielou
Susielou Offline
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Joined: Aug 2005
Posts: 328
Midwest
Even if there are fifteen payees?

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#2248489 - 02/01/21 06:28 PM Re: Enough Information for a SAR Susielou
ColoradoAML Offline
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Joined: Mar 2018
Posts: 240
If we don't list payees as subjects, we state why in the narrative. Believing they were victims of a scam is often one of the reasons, we can support that. The more payees we see, the more likely we are to believe that to be the case.

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