This webinar walks you through the steps for successfully the SAR and best practices for avoiding errors.
Background
At the core of the Bank Secrecy Act and Anti-Money Laundering regulations is the Suspicious Activity Report (SAR). Knowing how to properly complete the SAR--what to include and what to leave out—can be a daunting task for the inexperienced and veteran bank employees alike. This webinar walks you through the steps for successfully the SAR and best practices for avoiding errors.
Benefits
Participate so you can:
• Understand money laundering and how it works
• Uncover triggers for a SAR filing and properly complete a suspicious activity report
• Meet the compliance responsibilities for filing SARs
• Develop an effective process for identifying, evaluating, and reporting suspicious activities
• Identify “Red Flag” indicators of suspicious financial transactions
• Associate the rules for writing SAR narratives
• Mitigate the risks and avoid penalties for violating BSA/AML requirements
Who Should Attend
• All non-depository mortgage lender employees
• Bank operations staff
• Branch Managers
• Internal Auditors
• Compliance Officers