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No Monetary Loss - SAR on Check Kiter?

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Do we file a SAR for suspected check kiting where there was no loss, and we believe the person actually was moving "good" money in order to increase balances to receive additional interest?

The dollar threshold triggers for filing a SAR are never based on a loss to the bank. If kiting is suspected, regardless of the reason, and the cumulative dollar amount involved is greater than $5,000, a SAR is required.

First published on 5/11/09

First published on 05/11/2009

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