01/23/2022
I have a BSA question about a Suspicious Activity Report. It is a joint account with a husband and wife, but the husband is solely the one conducting the suspicious activity. We have had no interaction with the wife and have no suspicion of her -- she is a non-player in the event. When we file the SAR, how do we treat the wife? Is she a subject by default? She's not a victim. Do we leave her off entirely?
07/15/2018
When it comes to BSA Compliance - If a member/customer withdraws $10K each day for 3 consecutive days, in what circumstance would one not think this is a reportable suspicious activity?
06/19/2016
I was offered a $25 bribe not to file a CTR. What should I do when this happens?
05/01/2016
Our Compliance Division has taken the position of not letting us know if a SAR has been filed on a matter that we refer to them for a potential SAR filing. Is there some sort of regulatory requirement prohibiting the confirmation of a SAR filing?
10/18/2015
I was told by an examiner a few years ago that a bank is not required to report a SAR to its Board of Directors if the SAR involves a member of the Board. That provides protection for the person filing the SAR. Is that correct? If yes, where can I find that information? Thank you.
08/31/2015
When the owner of an ATM resides in a state that requires the ATM be registered refuses to register that ATM; do you file a SAR on that customer for failure to provide documentation? If a SAR is required, does the continuous SAR filing rule apply until the customer complies?
08/25/2014
Our recent examiner said we must work up a potential SAR report for summonses & subpoenas. Does this apply if the subpoena is on a former customer (currently closed)?
06/16/2014
Can SAR information be given to internal auditors? I have always been told to keep these strictly confidential.
04/21/2014
I am unsure what to enter when completing the dollar amount involved on a SAR. Does aggregated total mean the amount deposited and the amount withdrawn as one total? An example is a kiting scheme, would I enter the amount of checks deposited from the other bank or the amount of checks written to the other bank or both?
09/01/2013
Filings on Mortgage Brokers