Thread Starter: Elwood P. Dowd
Title: Re: File SAR?
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Sorry, apparently my points were not as obvious as I thought.
First, if the banks who were opening accounts for illegal aliens were required to file SARs they would have heard about it from their regulators and would have been filing SARs for that purpose. They would have shown up in SAR statistics long before now.
Second, banks do not file SARs based on the status of the person across the desk. To use a more powerful example, even if the person across the desk is on the FBI's most wanted list the appropriate response would not be the filing of a SAR. There are a number of rules that require SAR filing. This is not one of them.
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