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#719807 - 04/20/07 08:35 PM SAR - Amend?
hawkfan Offline
Joined: Feb 2006
Posts: 83
We recently filed a SAR on a customer that was structuring (about three times in a two week period) and we filed a SAR. After that, they did it one more time and closed out their CD and have no other accounts with us anymore. Do we amend the SAR to add this one final time?

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#719853 - 04/20/07 09:19 PM Re: SAR - Amend? hawkfan
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,858
Cape Cod
If you don't file the follow-up SAR, you might be questioned by an examiner. Go ahead and file, and note in the SAR that the account is now closed. Include in the narrative that there will be no further supplemental SARs on this activity.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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