SARs on Identity Theft

Posted By: Kristen C.

SARs on Identity Theft - 03/19/13 12:02 PM

If you have a customer who is a victim of Identity Theft is a SAR required if it did not involve any security/privacy issues on the part of the Bank?
Posted By: rlcarey

Re: SARs on Identity Theft - 03/19/13 02:01 PM

No, not if it did not involve your institution:

"committed or attempted against the financial institution or involving a transaction or transactions conducted through the financial institution"