In the first half of 2019, over 540,000 SARs were filed – with most filings going beyond reporting a “simple” structuring transaction. On July 16, 2019, FinCEN issued an advisory detailing their SAR-filing expectations regarding accountholders who are victim to email compromise. Just one day later, the CFPB issued guidance on reporting suspected elder abuse. The Agencies detailed the timing, field content, and narrative specifics examiners will expect to see in filings and procedures. Have you updated your procedures?
What about the mandatory filings for marijuana-related businesses, suspected human trafficking, and other fraud hot-button areas? Do you know how to properly complete a SAR for these hot spots? How can you maximize a 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!
- Recent regulatory and Agency advisories and guidance and the impact on SAR filing processes and procedures
- Detailed field-by-field requirements for hot-button SAR filings
- Identifying the subject versus the victim
- Writing an effective SAR narrative with all required information detailed in recent advisories and guidance
- Examiner expectations for SAR filing regarding the risk-focused approach used for BSA/AML exams, which was reemphasized by the Agencies earlier this year
- Sample SAR completion procedures
- Sample suspicious incident report
- Sample SAR narrative checklist
- Employee training log
- Interactive quiz
WHO SHOULD ATTEND?
This informative session will benefit branch managers, BSA officers, compliance officers, internal auditors, and employees responsible for filing and reviewing suspicious activity reports.
PLEASE NOTE: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
ABOUT THE PRESENTER – Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 17 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn 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. Dawn 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.