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SAR - Credit/Debit Card Fraud

Answered by: 
David A. Dickinson

Question: 
What dollar amount triggers a suspicious activity report for an unidentified suspect committing credit/debit card fraud?
Answer: 

If you are unable to identify a suspect, you are required to file a SAR if the activity exceeds $25,000 or more. You can always file a SAR for a lesser dollar activity, but are not required to do so.

First published on BankersOnline.com 12/17/07

First published on 12/17/2007

Filed under: 
Security
Filed under security as: 
Fraud
SAR
Suspicious Activity

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