SAR Series: SAR Decision-Making
Strong SAR procedures are the foundation of an effective AML program. Join this detailed session to learn how to move from system alerts and frontline red flags through investigation, documentation, and accurate SAR filing.
KEY WEBINAR TAKEAWAYS
- When to file a SAR
- New guidance on illegal aliens and SARs
- How the new FAQs reduce structuring and continuing activity filing
- Getting referrals from your frontline
- Getting your frontline to ask for information about transactions
- Narratives and supporting documentation recommendations
- Use of a committee in decision-making
BONUS MATERIALS
- SAR Handbook
WEBINAR DETAILS
We use the instructions, regulations, and guidance to determine when and how to file a Suspicious Activity Report. You will have two major sources of red flags: the systems and the front line. What are your procedures from systems or frontline to investigation to SAR? These procedures could save your financial institution from expensive fraud and money laundering, but if improper, they could result in lack of a systematic approach to the AML program. This detail-driven presentation will include a review of the SAR and its data fields.
