Skip to content

Allowed to Give SAR Info to Internal Auditors?

Answered by: 

Question: 
Can SAR information be given to internal auditors? I have always been told to keep these strictly confidential.
Answer: 

Individuals auditing your BSA program must have access to actual SARs in order to opine on the completeness and accuracy of the SARs filed by the bank. A BSA audit should follow the BSA Exam Manual procedures, and this is a requirement. The auditors are not to retain copies of these documents and should not reference actual names in their audit workpapers or report but must have access to the actual documents and investigation files for SARs filed and investigations that did not result in a SAR.

First published on 06/16/2014

Filed under: 
Filed under operations as: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics