SAR Required on Identity Theft

Posted By: Bonkers for BSA

SAR Required on Identity Theft - 07/26/22 09:43 PM

Hello,

We have an individual who resides with our customer who came into the bank and impersonated our customer. Are we required to file a SAR on identity theft?
Posted By: RockChucker, CAMS

Re: SAR Required on Identity Theft - 07/26/22 11:55 PM

You would be subject to the same filing requirement thresholds whether it was successful or only attempted. If it is below the established thresholds you have the option of filing.