Description
45min | Credits: 1.0 CCTS, CSOP, CTFA
Learn the process and importance of identifying, documenting, and reporting suspicious activity through Suspicious Activity Reports (SARs). The course covers what constitutes suspicious activity, the steps for filing SARs, how to make SARs most useful to law enforcement, and the need for confidentiality. Understand the components of an effective SAR monitoring program and the potential penalties for non-compliance.
Audience: All bank employees who may encounter suspicious activity, such as tellers or lenders, or who may be responsible for escalating or reporting suspicious activity.
Learning Objectives
After completing this course, students will be able to:
- Describe the kinds of transactions that require a SAR filing
- Recognize some indicators of suspicious activity
- Discuss the importance of keeping SARs confidential
- Understand the characteristics of an effective SAR monitoring program
This course is part of the ABA Frontline Compliance program.