SAR Decision-Making
Do your procedures measure up? Do you know when to file (or not file) a SAR? What is your investigation process? What red flags should alert you to potential problems? Are you familiar with the SAR form and all its data fields? You’ll understand all this and more after attending this important program.
WEBINAR HIGHLIGHTS:
- What is a red flag? An alert?
- How should you respond?
- What does it mean to conduct an investigation?
- What is the role of the SAR committee?
- When should a SAR be filed and what are the time constraints?
- What happens when you decide not to file a SAR?
- How often do you have to file SARs?
- When do you close an account?
- Consent orders when alerts are neglected
- Putting together the pieces of an AML program
- The integration of the AML system, the frontline alerts, and the investigation all become your institution’s AML program
WEBINAR DETAILS
There are two major sources of red flags: the AML system and the frontline. What are your procedures from system or frontline, to investigation, to SAR? These procedures could save your financial institution from expensive fraud and money laundering. Or, if improper, they could result in the lack of a systematic approach to the AML program. This session will include a review of the SAR form and its data fields.
WHO SHOULD ATTEND?
This webinar is designed for BSA officers, BSA coordinators, compliance officers, and security officers.
