Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum Stolen Credit Card and SARs
Thread Options
#949082 - 04/24/08 07:48 PM Stolen Credit Card and SARs
YHWB Offline
Platinum Poster
Joined: Apr 2005
Posts: 636
Out there
Our credit cards are issued by and approved by another bank. The balances are on thier books. However, our logo is on the face of the card. A customers card was stolen and before it was canceled quite a bit was charged on it. If the thresholds are reached, should our bank file a SAR, or is that the responsibility of other financial institution?

Return to Top
BSA/AML/CIP/OFAC Forum
#950926 - 04/28/08 08:22 PM Re: Stolen Credit Card and SARs YHWB
YHWB Offline
Platinum Poster
Joined: Apr 2005
Posts: 636
Out there
No help? YIKES~

Return to Top
#950927 - 04/28/08 08:24 PM Re: Stolen Credit Card and SARs YHWB
WonderWoman Offline
Diamond Poster
WonderWoman
Joined: Mar 2007
Posts: 2,108
gone fishin'
Who took the loss? Who's institution do the transactions flow through?

Does that bank have a BSA Officer you can talk to?
_________________________
My opinions are my own, and not that of my employer.

Return to Top
#950936 - 04/28/08 08:34 PM Re: Stolen Credit Card and SARs WonderWoman
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Do you have an agent agreement with the issuing bank that addresses the issue?
_________________________
Life without Jesus is like an unsharpened pencil - it has no point.

Return to Top

Moderator:  Andy_Z