Advanced SARs: Monitoring & Reporting on High-Risk Activities

SAR filings remain high for suspicious activity related to cryptocurrency investment scams, elder financial exploitation, identity theft, marijuana-related businesses, and scams that lead to check and wire fraud. Your institution is required to file these SARs in a complete, thorough, and timely manner. But in a form with 95 fields and an open narrative, filing an accurate SAR can seem overwhelming.

This session will dive deep into how to properly complete a SAR for those frequently reported suspicious activities and fraud. We will discuss how to make the SAR an effective vehicle for delivering information to law enforcement, and review how to write an effective SAR narrative by looking at both good and not-so-good examples. We will also detail procedures and best practices for determining when to file, what to do after filing, and what to do if you decide not to file.