Do I need to file a SAR about continuing activity when the newest activity no longer appears suspicious just as a final update?
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 Does aggregated total mean the amount deposited and the amount withdrawn as one total?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?
We had two $9500 On-Us checks cashed a couple days apart by a 3rd party non-customer. The checks were both issued by the same construction company (our customer) and both checks were written on the same date. The fact that the individual cashed them on different days indicates possible structuring. In this scenario, would you recommend including our account holder as a suspect as well, or just the individual who cashed the checks?
Our customer was going to deposit over $12,000, but changed his mind after he was told a CTR had to be filed. He said he would deposit $9,000 and come back the next day with the $3,000. He did not come back the next day. Are we required to monitor this account to see if he returns in the near future with the additional $3,000?
I have a teller that is over in her cash drawer by $1,000.00. Is there a governmental reporting requirement for an outage of this size?
Forgery & Altered Documents?Part V
By Dana Turner
Document Alteration Techniques?continued
We are thinking about monitoring customer accounts for activity and notifying them when it is unusual. How can Marketing help put a positive spin on this instead of a privacy woe?
Question: If someone calls me claiming to be with the IRS Investigative Unit and wants to discuss Suspicious Activity Reports I have filed and they give me the name and amounts and
Yet another bank has fallen under a BSA examination. The Federal Reserve System recently announced a written agreement with Deutshe Bank Trust Company Americas.
In a recently posted Guru Q&A relating to the annual review of government agency exemptions from CTRs, the guru stated those exemption's must be reviewed annually. I do not believe this is correct. Everything I have read states that annual reviews are not required for government entitites that are exempt under the Phase I exemptions. Could you point me to something from FinCEN or the BSA rules that mandates the annual reviews for government entities?