07/26/2010
We were robbed recently, and as the BSA Officer, I am not sure what forms/reports need to be filed and where they need to be filed. I would appreciate any help. There is no Security Officer to help me.
07/19/2010
Do we need to file a SAR for confirmed employee theft?
07/12/2010
Recently in dealing with a non-resident alien, an ITIN was presented at the time of account opening. After researching on the irs.gov website and calling the IRS, I was told that an ITIN can only be used to file a US tax return. It is not to be used for any other purpose, including opening a bank account. In your question and answer page about non-resident aliens it mentions and ITIN can be used . Please clarify.
07/05/2010
I had two individuals come into the bank with one check and opened two separate individual checking accounts. A few days after the account was opened they began withdrawing large sums of cash below $10,000 from these accounts on a daily basis. Should I complete one SAR with two suspects or two separate SARs?
06/14/2010
We have a kiting scenario come to life, and I want to make sure I am covering all my bases. A SAR will be filed. What law enforcement should be contacted: FBI or local? This is a very large amount, do I need to notify our primary regulator? If so, how soon?
05/03/2010
We were recently informed that one of our loan customers sold the collateral on a loan we made to him. What information should we get, or what do we need to consider before filing a SAR?
05/01/2010
This section of the SAR Activity Review provides information related to potential terrorist financing activity. This information has been obtained from a variety of sources, including:
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?
03/08/2010
Is it necessary to file a SAR on customers who write checks in excess of $5,000 on a closed account, when there is no loss to the bank? What about filing a SAR when a customer writes a check in excess of $5,000 and the check returns NSF? We have never heard of this, but are being told by our AML are that it is required.
02/22/2010
Would there be a fine to a financial institution for not filing a SAR on an employee for check kiting?