SAR Filing Requirements: When, How, & Why

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 agency is prohibited. Print materials may be copied for eligible participants only.

Presenter

Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently, Kincaid served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Kincaid has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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Date

Nov 03 2022

Time

10:00 am - 11:30 am

Cost

$245.00

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