If we suspect scams for a competent, independent, but elderly person that are occurring outside the bank (no banking transactions), should we file a SAR?
I would be in the camp of a referral. How likely is it that the bank has sufficient info to file a SAR such that someone in law enforcement is going to see it and be able to act on it? I have no faith in that. But some elder abuse/referral organization that is more likely to contact the person and more likely to be able to prevent further harm.
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AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
I agree. Here this would warrant a report to whatever agency the state directs, and we would not file a SAR. SARs are required for transactions conducted or attempted through the FI. I wouldn't use a SAR to report something that wasn't related to the FI.