Latest Security - Suspicious Activity Topics

Violation if Teller Shares Info to Police?

11/20/2016

We had an individual come in to open a new account. They had an out of town license, out of town tag on car, out of town address on ​a Treasury check and wanted cash back. We said no for various reasons and they left. Later a policeman who banks with us came in. The teller told him about the situation and he asked for copy of the license and check (which the teller provided). He ran the license and discovered there were multiple warrants out for arrest of the person. Later our CFO freaked and said the teller violated laws by providing the info to the policeman. I was wondering what laws were broken and if we are opened up for a lawsuit.

Meaning of Aggregated Total on SAR

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 Does aggregated total mean the amount deposited and the amount withdrawn as one total?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?

Suspected Money Laundering in the Residential Real Estate Industry: An Assessment Based Upon Suspicious Activity Report Filing Analysis

04/02/2013

Identifying and Reporting Suspicious Transactions for Introducing and Clearing Broker-Dealers

02/21/2013

Preparing Your Annual Security Program Report

01/07/2013

Time Frame for Filing a New SAR after the Original

03/19/2012

In suspicious activity reporting, how long after the original SAR is filed should the bank track and try to connect to that ring before filing a new SAR. Updates or amendments to SAR's filed in the past seem to diminish the value of the information if we are updating reports from sometimes years in the past.

Training Materials for USA Patriot Act

08/22/2011

I'm new to BankersOnline.com and also to compliance. I am trying to find some training materials relating to the USA Patriot Act that I could potentially use as a model for staff training at our bank. Can you point me in the right direction?

SAR Filing Timelines

01/31/2011

SARs must be filed within how many days of detecting a suspicious activity?

Reporting Insider Fraud

09/27/2010

What/where does one report insider banking fraud that includes the vice president, producing fraudulent checks with wrong routing numbers, and handing out wrong direct deposit forms?

Suspicious Activity Investigation Recordkeeping

03/22/2010

When an investigation into alleged suspicious activity by a customer is determined not to be suspicious, how long must the records be kept?