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Suspicious Activity Does NOT Meet SAR Reporting Thresholds

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Question: 
If suspicious activity does NOT meet the SAR reporting thresholds (e.g. under $5,000) is it necessary to still document the decision why no-SAR was completed?
Answer: 

Haven't you already done that when you made the determination that it did not meet the reporting threshold?

First published on 06/03/2018

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