Why Should You Attend:
According to the FFIEC Exam Manual: "Suspicious Activity Reporting forms the cornerstone of the BSA reporting system." "It is critical to U.S’s ability to utilize financial information to combat terrorism, terrorist financing, money laundering & other financial crimes." A thorough and complete narrative makes the difference in determining whether described conduct and its possible criminal nature are clearly understood by law enforcement.
One of the most misunderstood areas of Bank Secrecy Act (BSA) is when and why should you file a SAR. Having the proper narrative will answer both of those concerns. By fitting the pieces together you can have a complete SAR narrative.
This webinar will provide a comprehensive review on how to prepare a SAR narrative. It will break it down by the introduction, the body and the conclusion with examples. There are several key steps and reminders for doing it right every time.
Areas Covered in the Webinar:
- The 4 C’s: Clear, Concise, Chronological and Complete
- The 5 W’s: Who, What, When, Where and Why
- How did the activity occur?
- Tell the complete story by fitting the pieces together
Frequently Asked Questions:
- If a check is stolen in the mail and signed on the back of the check...is the suspect really known just because the check is signed by someone? Not sure who is really signing the check or if the check is going to a fictitious account?
Who will Benefit:
- Financial Officers
- Bank Secrecy Act Officers
- Front Line Staff
- Risk Officers
- Operational Managers
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