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SAR Filing Requirements: When, How & Why

Nov 03 2:00 PM - Nov 03, 2022 3:30 PM
Nov 03, 2022 2:00 PM - 3:30 PM
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SAR filing is on the increase. Can your team accurately identify when a SAR should be filed? Do they know the evolving hot spots? Join us for this line-by-line review to get the latest information on SARs.

Learning Objectives

  • Detail examiner expectations for SAR filing
  • Describe the field-by-field requirements of the SAR form
  • Identify the subject versus the victim
  • Establish monitoring procedures to identify potentially suspicious activity
  • File accurate SARs for emerging areas of fraud
  • Write an effective SAR narrative
  • Explain the impact the AML Act may have on your SAR reporting process

In the first eight months of 2022, over one million SARs were filed – a 15% increase from the same period in 2021! Most filings go far beyond reporting a “simple” structuring transaction. With the increase in fraud coming from all angles and channels, and the potential for a change to the SAR form and filing process being dangled by the AML Act of 2020, it’s imperative your SAR decision and filing processes are up to the challenges.

Do you know how to properly complete a SAR for emerging hot spots? How can you maximize SAR’s effectiveness as a vehicle for delivering information to law enforcement? Learn how to write an effective SAR narrative, procedures, and best practices for determining when to file, how to complete a SAR, and what to do after filing. This jam-packed session will ensure your institution is ready to file the next SAR!

Agenda

Speakers

Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Location

Fees

$259.00 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

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Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Compliance
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Event Info