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Meaning of Aggregated Total on SAR

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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 Does aggregated total mean the amount deposited and the amount withdrawn as one total?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?

There is no specific guidance on how to calculate the amount involved in a kite. By definition, the amount of checks written will roughly equal the amount of checks deposited. As a personal opinion, it is the deposited checks that were written against insufficient funds that I would have a problem with; that's the amount I would use.

First published on 04/21/2014

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