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No Monetary Loss - SAR on Check Kiter?

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Question: 
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?
Answer: 

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 BankersOnline.com 5/11/09

First published on 05/11/2009

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