Suspicious Activity Reports

In this one day course students will learn the art of drafting meaningful suspicious activity reports (SAR). They will understand the importance of filing good reports and learn the elements critical to a good report. Students will also know the importance of filing amended reports as well as supplemental filings when appropriate and understand the role SARs play in overall compliance.

15-Sep-2010 -- 15-Sep-2010New YorkUSD$1575
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Sharon Farrell; ] Wed Level: Basic

CPE CREDITS
7.0
Anyone who must identify suspicious activity and/or draft suspicious activity reports for their institutions.
No advance preparation required.
Students will be able to:
  • Draft meaningful Suspicious activity reports
  • Understand the distinction between a good and bad report
  • Know the institutions responsibility and obligations regarding SARs
  • Know the consequences of filing
None
Purpose
  • The history behind SARs
  • What a SAR is and why it is important
  • How the government uses SARs
  • Safe Harbor
  • How SARs reflect the institutions' compliance program

Good vs. Bad SARs

  • The elements of a good SAR
  • 5 W's and 1 H
  • Detail; Detail; Detail
  • Follow up

Clients who register for this course will receive a complimentary 3 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process and are limited to one per client. For questions about your subscription, call 800-628-8088 or email uscirculation@ft.com. U.S. enrollees only. (All non-U.S. enrollees will receive a subscription to FT.com only.)

Lunch included for all students taking day classes.