SAR/ Bank Robbery

Posted By: J2C

SAR/ Bank Robbery - 01/12/05 04:13 PM

This may be a stupid question. But, here goes...

We had our first bank robbery (the last one was in the 1800's- by horseback) right before Christmas.

I thought I read somewhere that we are required to file a SAR for a bank robbery, however I cannot find anything stating that fact now. Did I just dream this up? Also, the Security Officer thought the same thing, and the BSA officer also doesn't have any clue.

Does anyone know???
Posted By: Visa D'Kline

Re: SAR/ Bank Robbery - 01/12/05 04:50 PM

May I suggest you go here and read the information.

http://a257.g.akamaitech.net/7/257/2422/...31cfr103.18.htm

The area on Page 214, paragraph (f) tells you what you're looking for.
We asked the same question when we were first robbed.
Good Luck
Posted By: Jay-Risk

Re: SAR/ Bank Robbery - 01/12/05 05:33 PM

You are not required to file a SAR for a bank robbery that is reported to law enforcement. The BOL Q&A's cite the specific section in Regulation H, and provide guru explanations.

Try this www.bankersonline.com/operations/gurus_op03a.html
Posted By: J2C

Re: SAR/ Bank Robbery - 01/12/05 10:12 PM

Thank you!!