9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
In 2018, almost 978,000 suspicious activity reports (SARs) were filed by depository institutions – a 6.7% increase from the prior year! This increase may be a result of the revised SAR introduced by FinCEN last year (effective February 1, 2019), which provided more options and subtypes, additional fields to report cyber events, and further text responses. Institutions are required to file complete, thorough, and timely SARs. But accurately completing a form with 95 fields and an open narrative can be daunting.
This webinar will explain how to properly complete a SAR, line-by-line, and how to make it efficiently convey information to law enforcement. It will cover how to write an effective SAR narrative and detail procedures and best practices for determining when to file, how to complete, and what to do after a filing. This jam-packed session will ensure your readiness to complete and file your next SAR.
Attendance certificate provided to self-report CE credits.
- Field-by-field requirements
- Identifying the subject versus the victim
- Writing an effective SAR narrative that provides law enforcement with the necessary details
- Correcting errors on filed reports
- Proper SAR completion for hot button issues, including elder abuse, human trafficking, and marijuana-related businesses
- Examiner expectations for SAR filing and documentation
- TAKE-AWAY TOOLKIT
- Sample SAR completion procedures
- SAR FAQs
- SAR review checklist
- Sample suspicious incident report
- Employee training log
- Quiz to measure staff learning and a separate answer key
|"Teller Training Series: Accurately Completing the CTR Line-by-Line"
Wednesday, April 10, 2019
All webinars are available for six months after broadcast
WHO SHOULD ATTEND?
This informative session is designed for BSA officers, compliance officers, security officers, and anyone responsible for managing the BSA/AML program.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.