SAR Lifecycle: From Alert to Investigation to SAR
Webinar | 1 1/2 Hours | CE Credits: 2.0

There are two sources of red flags: the systems and the front line. What are your procedures from systems or front line to investigation to SAR? These procedures could save your financial institution from expensive fraud and money laundering, or if improper, they could result in lack of a systematic approach to the AML program.


Topics Covered

What is a red flag?

What should your response be?

What does it mean to conduct an investigation?

When do you file a SAR? What are the time constraints?

Do you have a committee?

How are decisions made to file a SAR?

How often do you have to file SARs?

How do you file recurring SARs?

Building Your SAR Narrative

Who can receive supporting documentation?

What can you give law enforcement?

When do you close an account?

30/60/90 Rule?

Three times your out?

The integration of the system, the front line and the investigation all become your financial institution's AML program

Putting together the pieces of an AML program



Who Should Attend

This webinar will benefit BSA officers and staff, deposit compliance and staff, deposit operations, compliance officers and staff, and anyone who assists in the management of BSA.



Instructor

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 28 years of combined teaching and banking experience.
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