BSA Basics: Suspicious Activity Reports

The Suspicious Activity Reporting program is designed to help Board members see how a red flag can become a SAR. It will cover how your frontline and system can help in detecting money laundering activities, but the BSA officer will still complete the SAR. Your Board will understand the confidential nature of the SAR and how your team works with law enforcement to gather the best possible information and report it to Financial Crimes Network.

Covered Topics

  • Voluntary BSA SAR Filings
  • The Report
  • Identifying Underlying Crime
  • Investigation Worksheet
  • Corrected or Amended
  • Continuing Reports
  • Joint Filings
  • Prohibition on Disclosures