SAR Series

Insider fraud can be very damaging to financial institutions. This internal threat can include embezzlement, data theft, bribery, and account manipulation. It creates serious financial loss, regulatory scrutiny, and a loss of trust. This session will focus on identifying insider red flags, strengthening internal controls, and meeting SAR reporting requirements.

Many people often think human trafficking only occurs in distant places around the world, but reported cases of human trafficking continue to increase across the U.S. During this session, we will review guidance and provide tips to help you fulfill your responsibilities in identifying and reporting financial transactions related to human trafficking activity.

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 frontline. 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.

FinCEN has provided FAQs to clarify Suspicious Activity Reporting requirements, but in a form with 95 fields and an open narrative, filing an accurate SAR can seem overwhelming. Join us for a deep dive into properly completing a SAR for frequently reported suspicious activities and fraud. We will look at both good and not-so-good examples and discuss how to make the SAR an effective vehicle for delivering information to law enforcement. 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.

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.