Completing The SAR: Line By Line
Electronic filing of suspicious activity first came into being in March of 2012, and is here to stay.
Electronic filing facilitates 24-hour analysis and very specific reporting. State of the art technology, instant global transmission of funds and the proliferation of international nefarious criminal organizations have mandated investigative agencies to develop transnational intelligence driven strategies to fight worldwide crime. This program is designed with the end users, namely financial investigators, to develop effective financial case. Completing The SAR will cover proper line-by-line completion of the Suspicious Activity Report.
- The Who” Subject Information – SAR Part 1- Items 1 to 25
- Introduction of BSA / FinCEN
- SAR reporting statute / Protections
- Use of information on SAR
- Types and recognition of fraudulent IDs
- Security initiatives and National ID program
- Instructions for Completion of Items 1 through 25
- “The What” Suspicious Activity Information – SAR Part 2 – Items 26 to 45
- Manifestations of suspicious activity
- Types of illegal activity: Structuring, Terrorist Funding, Fraud, Money Laundering, Specific Unlawful Activities (SUAs)
- Instructions for completion of Items 26 through 45
- “The Narrative” Preserving The Activity In Writing – SAR Part 5 – Suspicious Activity Information
- Use of Line Item headers
- Role of Narrative in the investigative process
- 5 Ws and H
- Characteristics of a good report
- Rules for writing SAR narratives
- Questions and Conclusion
This webinar is designed for BSA Officers, BSA Coordinators, Compliance Officers, Security Officers, OFAC Officers and staff who assist with compliance issues in the OFAC area.
Peter Orosz has over 29 years in the Drug Enforcement Administration as a Special Agent/Supervisory Special Agent conducting and supervising investigations of drug trafficking and money laundering organizations at international, national, regional and local levels. He has utilized highly specialized investigative techniques to obtain evidence to arrest, prosecute and convict members of drug trafficking and money laundering organizations and identify, seize and prosecute illegally obtained proceeds, i.e., currency, real property, conveyances, and high value items. Throughout his career, Pete has provided training to federal, state and local organizations throughout the U.S. on subject matter relating to law enforcement, security, financial investigations, asset forfeiture, report writing and prosecutorial case preparation. Pete has a Masters of Education and Bachelor of Science in Criminal Justice from Columbus State University in Columbus, Georgia.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits
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