We had a situation the other day where a customer stole a check from her in-laws and forged the check and made a deposit to her and her husband account. She then requested an address change on her in-laws checking account. Our procedures allowed the in-laws to find out. We have not taken a loss in this situation but the in-laws have turned this over to the police and is supposed to press charges against the daughter in law. My question in this situation do I file a SAR in this case.

If the aggregate transaction amount was $5000 or greater, than the SAR is mandatory. For smaller amounts, the SAR is allowed, but not required.

I just found out the answer. The amount was under $5,000.00 so I won't have to file.