Description
How thorough is your knowledge of the 2019 Suspicious Activity Report (SAR)?
The federal government will require use of a new SAR form beginning January 1,
2019. Do you know the difference between the existing and 2019 forms and filing
requirements? When is a SAR appropriate? What qualifies as suspicious
activity?
The 2019 SAR is receiving an extreme makeover, including
updated data fields, new fields to record up to 99 cyber events, new text
fields, and new product types. There will also be new subtype selections for
the most-commonly reported suspicious activities, including structuring and
fraud, so even “old” filings are getting a makeover. In addition, batch filers
will need to work with their software providers to prepare for filing format
changes. This must-attend session will detail how to complete the new and
updated data fields, the necessary policy and procedure changes to incorporate
the new form and filing process, and tips on writing narratives. This jam-packed
session will ensure you are prepared to determine when a SAR is appropriate and
how to complete the updated form line-by-line.
Learning Objectives
- Line-by-line instructions for the 2019 SAR
- General SAR requirements
for 2019 – and what is changing
- How to work with IT and others on
cyber-related issues
- Potential policy and procedure changes that may
change how some SARs are completed
- Shortcomings noted in SARs – dos and
don’ts
- Other SAR-related issues
Speaker
Bill Elliott & Terri Klemann, Young & Associates, Inc.
Investment
$259.00
Live and recorded webinar, handouts, quiz with answer key and training log are included.