We have received a state tax levy (over $5,000) for a company that was dissolved in 2008. However, the president of this company is a current director at the bank. Should we file a SAR for this?
When the owner of an ATM resides in a state that requires the ATM be registered refuses to register that ATM; do you file a SAR on that customer for failure to provide documentation? If a SAR is required, does the continuous SAR filing rule apply until the customer complies?
I'm looking for guidance on filing SARs and/or reporting activity on lottery accounts owned by businesses that aren't exclusively lottery outlets. If a SAR is filed, what activity characterization is selected? Do we have an obligation to report the misuse to the lottery commission?
A member deposited a fraudulent money order for $925.00 and the next day made another money order deposit for $925.00.. does this need an SAR?
When completing a SAR re-file, do you have to include the sum of all deposit or withdrawal activity during the re-file period even though only one transaction may be suspicious?
Is there any specific activity a safe deposit renter would do that would require us to file a SAR?
Our recent examiner said we must work up a potential SAR report for summonses & subpoenas. Does this apply if the subpoena is on a former customer (currently closed)?
Can SAR information be given to internal auditors? I have always been told to keep these strictly confidential.
I am unsure what to enter when completing the dollar amount involved on a SAR. Does aggregated total mean the amount deposited and the amount withdrawn as one total? An example is a kiting scheme, would I enter the amount of checks deposited from the other bank or the amount of checks written to the other bank or both?
A customer comes into the bank with a $12,000 on us check. The check is negotiated for $4000 cash and an $8000 cashier's check. Customer holds $8000 cashier's check for a couple of months then returns to the bank to cash it. Based on the amount of the two transactions and the way they were handled, it appears the transactions were structured to avoid CTR filing, so we decide to file a SAR. Would an account number be affected since the original funds were from an account at the bank?