SARs and Robbery

Question:

We had an ATM robbed and lost more than 25K. I don't think we file a SAR on this, is this correct?

Answer:

Exceptions. A bank is not required to file a SAR for a robbery or burglary committed or attempted that is reported to appropriate law enforcement authorities, or for lost, missing, counterfeit, or stolen securities with respect to which the bank files a report pursuant to the reporting requirements of 17 CFR 240.17f-1.

First published on BankersOnline.com 8/31/09