Posted By: Kathleen O. Blanchard
How many SARs to file - 03/01/02 03:36 AM
If you had a situation where a number of loan applications with fraudulent SSNs were referred over a short period of time from one broker/correspondent, it's pretty obvious the individual applicants (assuming they exist) and the broker must have been working together. They did not all come in on the same day...they were picked up individually and the pattern of the same broker/correspondent was noted.
Would you file separate SARs - one for each individual and one for the broker/correspondent - or one listing all borrowers?
Thanks.