Our automated suspicious activity monitoring program generated an alert on an asset management company due to high debit card activity. There are many purchases from places such as Chevron, Costco, 7 Elevon, Best Buy, Starbucks, Walmart, etc. I did a look-back, and it looks like they've always had a lot of debit card purchases, so it doesn't appear to be fraud.

Would this be SAR reportable...?

have you asked them to explain the number and purpose of transactions? a SAR prior to that would serve what purpose?

You need more information. It could be business expenses or something else.

Well, it might depend on what you mean by an "asset management company". Most of the time that term is used with some sort of investment operation. Only based on the specific facts and circumstance could you make any determination as to what is suspicious. If this company is gather investment funds from individuals and they are spending the money on personal expenses - is the company name Madoff and Sons?