BSA data, including Suspicious Activity Reports (SARs), plays a role
in 65% of investigations into illegal activities related to money
laundering and terrorist financing. Yet, after a year of using the new
SAR Form 111, mistakes continue and questions remain about how to fully
and accurately complete the report.
Staff may not understand which situations necessitate filing a SAR
and the essential information that must be gathered to complete the
critical and non-critical fields on the cover page and Parts I thru V.
This timely program will identify the information necessary to complete
all fields, along with the correct formatting. It will also address the
data to be learned through CIP and CDD/EDD and will outline how the
narrative could be written in a three-part format. Join us to gain the
knowledge you need to enhance the quality of your credit union’s