Completing the SAR: Line By Line
Electronic filing of suspicious activity first came into being in March of 2012, and is here to stay. Electronic filing facilitates 24-hour analysis and very specific reporting. State of the art technology, instant global transmission of funds and the proliferation of international nefarious criminal organizations have mandated investigative agencies to develop transnational intelligence driven strategies to fight worldwide crime (see complete description below).
Click for Webinar Description and Audience
Electronic filing of suspicious activity first came into being in March of 2012, and is here to stay. Electronic filing facilitates 24-hour analysis and very specific reporting. State of the art technology, instant global transmission of funds and the proliferation of international nefarious criminal organizations have mandated investigative agencies to develop transnational intelligence driven strategies to fight worldwide crime. This program is designed with the end users, namely financial investigators, to develop effective financial case. Completing The SAR will cover proper line-by-line completion of the Suspicious Activity Report.
•”The Who” Subject Information – SAR Part 1- Items 1 to 25
◦Introduction of BSA / FinCEN
◦SAR reporting statute / Protections
◦Use of information on SAR
◦Types and recognition of fraudulent IDs
◦Security initiatives and National ID program
◦Instructions for Completion of Items 1 through 25
•”The What” Suspicious Activity Information – SAR Part 2 – Items 26 to 45
◦Manifestations of suspicious activity
◦Types of illegal activity: Structuring, Terrorist Funding, Fraud, Money Laundering, Specific Unlawful Activities (SUAs)
◦Instructions for completion of Items 26 through 45
•”The Narrative” Preserving The Activity In Writing – SAR Part 5 – Suspicious Activity Information
◦Use of Line Item headers
◦Role of Narrative in the investigative process
◦5 Ws and H
◦Characteristics of a good report
◦Rules for writing SAR narratives
•Questions and Conclusion
Who Should Attend?
This webinar is designed for BSA Officers, BSA Coordinators, Compliance Officers, Security Officers, OFAC Officers and staff who assist with compliance issues in the OFAC area.
Click for Continuing Education Credits (CEC) Info
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Click for Viewing Option Descriptions
INCLUDES 7 DAYS OF UNLIMITED ONDEMAND ACCESS! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!
SIX MONTH ONDEMAND VIDEO RECORDING:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
CD-ROM VIDEO RECORDING:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.