SARs: New FAQs Reduce SAR Filings
New FAQs signal a clear shift: regulators want fewer “defensive” SARs and more reports that truly help law enforcement. With more than two million SARs filed in a single year in the recent past, it is increasingly clear that volume alone is not the goal. This webinar will show you how to fold the latest SAR FAQ guidance into your decision-making, timing, and documentation so you file smarter, not just more often.
KEY WEBINAR TAKEAWAYS
- Reducing the number of SARs filed for structuring
- Using timing properly to cut down the amount of continuing SARs
- Slimming down the documentation when you decide not to file a SAR
BONUS MATERIALS
- FFIEC BSA Exam Manual in Word
WEBINAR DETAILS
What happened? New FAQs for suspicious activity reporting suggest a trend away from defensive filing. New analysis indicates that the over two million SARs filed a year may not actually have been getting truly productive and helpful information to the law enforcement community. This very specific program will explain how to incorporate this new information into your decision-making, timing, and completion of suspicious activity reports.
