01/28/2024
Our bank has been questioning when a transaction is considered "suspicious" and when the time clock starts for BSA filing. Some are saying only our BSA officer/department can determine when a transaction is suspicious and that would start the 30 day SAR filing time clock. Others are saying if the client says a transaction is fraudulent, that starts the 30 day clock. How are we to determine when the 30 day clock starts?
03/06/2022
We have a customer that we are certain is involved in a scam, which involves her sending money to these perpetrators. Does the bank have the authority to put a hold on her account for suspicious transactions with questionable people?
10/07/2018
Do I need to file a SAR about continuing activity when the newest activity no longer appears suspicious just as a final update?
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 Does aggregated total mean the amount deposited and the amount withdrawn as one total?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?
01/27/2014
We had two $9500 On-Us checks cashed a couple days apart by a 3rd party non-customer. The checks were both issued by the same construction company (our customer) and both checks were written on the same date. The fact that the individual cashed them on different days indicates possible structuring. In this scenario, would you recommend including our account holder as a suspect as well, or just the individual who cashed the checks?
11/22/2010
Our customer was going to deposit over $12,000, but changed his mind after he was told a CTR had to be filed. He said he would deposit $9,000 and come back the next day with the $3,000. He did not come back the next day. Are we required to monitor this account to see if he returns in the near future with the additional $3,000?
11/20/2006
I have a teller that is over in her cash drawer by $1,000.00. Is there a governmental reporting requirement for an outage of this size?
11/01/2006
Forgery & Altered Documents?Part V
By Dana Turner
Document Alteration Techniques?continued
Forged Applications
04/03/2006
We are thinking about monitoring customer accounts for activity and notifying them when it is unusual. How can Marketing help put a positive spin on this instead of a privacy woe?
10/01/2005
Question: If someone calls me claiming to be with the IRS Investigative Unit and wants to discuss Suspicious Activity Reports I have filed and they give me the name and amounts and