SARs and Information Sharing

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Course Details:

This course explains the importance of policies, procedures, and processes in place for staff to identify, evaluate, monitor and report potentially suspicious activities.

It describes information sharing inquiries from law enforcement and between organizations and agencies, the BSA's record keeping requirements, and how to complete the "Suspicious Activity Report (SAR).

After completing this course, students will be able to:

• Explain the responsibility of financial institutions in the BSA suspicious activity reporting system
• Describe procedures for suspicious activity monitoring
• Describe the processes involved in properly reporting suspicious activity

Who Should Attend:

New BSA/AML employees (Including those in banks, examiners, and consultants). new compliance officers (or any senior leader) with BSA/AML responsibilities reporting up through them, and fraud Department employees looking to expand their knowledge of BSA/AML