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#751395 - 06/12/07 03:42 PM True Victim Identity Theft
Rosie O'Grady Offline
Gold Star
Rosie O'Grady
Joined: Nov 2005
Posts: 438
California
Hi All,

Can you tell me what your reporting procedures are if you come across a true victim identity theft when screening at the new accounts desk and there is no dollar loss? My security administrator insists on filing a SAR and I'm telling him not to, but he insists that it'll save us time in court downstream.

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#756768 - 06/20/07 03:13 PM Re: True Victim Identity Theft Rosie O'Grady
SJB Offline
Diamond Poster
SJB
Joined: Jun 2002
Posts: 1,210
California
Unless the victim was trying to defraud the bank, and it does not sound like that, I see no grounds for filing a SAR. Even if you were a target, it would have to meet the $5m threshold.
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My opinions are not legal advice and are worth what you paid for them.

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