SAR Filing Requirements: When, How & Why

Compliance Frontline & New Accounts IRA Lending Security & Fraud

On-Demand Webinar:

StreamedNov 3, 2022Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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SAR filing is on the increase.

Can your team accurately identify when a SAR should be filed? Do they know the evolving hot spots? Join us for this line-by-line review to get the latest information on SARs.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Detail examiner expectations for SAR filing
Describe the field-by-field requirements of the SAR form
Identify the subject versus the victim
Establish monitoring procedures to identify potentially suspicious activity
File accurate SARs for emerging areas of fraud
Write an effective SAR narrative
Explain the impact the AML Act may have on your SAR reporting process

WEBINAR DETAILS

In the first eight months of 2022, over one million SARs were filed – a 15% increase from the same period in 2021! Most filings go far beyond reporting a “simple” structuring transaction. With the increase in fraud coming from all angles and channels, and the potential for a change to the SAR form and filing process being dangled by the AML Act of 2020, it’s imperative your SAR decision and filing processes are up to the challenges.

Do you know how to properly complete a SAR for emerging hot spots? How can you maximize SAR’s effectiveness as a vehicle for delivering information to law enforcement? Learn how to write an effective SAR narrative, procedures, and best practices for determining when to file, how to complete a SAR, and what to do after filing. This jam-packed session will ensure your institution is ready to file the next SAR!

WHO SHOULD ATTEND?

This informative session is directed to BSA/AML officers, compliance officers, and senior managers.

TAKE-AWAY TOOLKIT

Sample SAR completion procedures
Sample suspicious incident report
SAR review checklist
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

TESTIMONIALS

"The presenter was extremely well informed and presented the information in an eloquent, well-paced way. It was appreciated that the main important information was presented, but the excessive details were not lingered on."

- Patrick, AmeriCU Credit Union