If a creditor inquires about a debt owed how would it be handled with the Privacy Act?
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 Does aggregated total mean the amount deposited and the amount withdrawn as one total?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?