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BSA/AML: SAR Reporting

Description: BSA/AML: SAR Reporting describes the BSA requirements to ensure that a bank files a Suspicious Activity Report when it detects a known or suspected criminal violation of federal law or a suspicious transaction related to money laundering activity or a violation of the Bank Secrecy Act. This course explains why federal law strictly limits the ability to share information about a SAR. It describes the four key components of an effective SAR monitoring and reporting system and discusses the importance of successful implementation. This course also covers how to answer the five essential questions that comprise the basis of the SAR narrative.

 

Audience: All employees.

 

Learning Objectives: After completing this course, students will be able to:

  • Describe the scope of activities appropriate for SAR filing
  • Discuss the importance of keeping SARs confidential
  • Recognize some indicators of suspicious activity
  • Describe the four key components of SAR filing

Commands