Skip to content

SAR Filing - Who Makes the Call?

Answered by: 

Question: 
When it comes to SAR filing, who should make the final decision to file? The President, Board of Directors or the BSA officer?
Answer: 

There is no one right answer to this question. It depends on your institution, management, structure, and risk. Your BSA program should stipulate what your process is for reviewing suspicious activity and making a SAR determination is.

First published on BankersOnline.com 8/24/09

First published on 08/24/2009

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics