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How to Change Status from Suspicious to Low Risk

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Question: 
I have been monitoring & submitting a SAR on a business for a couple years. In retrospect, this customer has been consistent in the activity that no longer looks suspicious, so I don't want to close the account, but I don't think a SARs is needed to be submitted anymore. What is the requirements or protocol to change the status of the account from suspicious to maybe just unusual or even low risk? Can I just stop filing a SARs and make notation on the existing paperwork that SARs are no longer needed due to consistent activity that doesn't flag the account as suspicious anymore?
Answer: 

You should document your internal records of customer due diligence and enhanced due diligence regarding why you are changing the risk rating on the customer, but no external reporting requirement exists. You just don't file another renewal SAR.

First published on BankersOnline.com 5/6/13

First published on 05/06/2013

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