1. Suspicious Activity Reports and Investigations: Getting Them Right!

Suspicious Activity Reports and Investigations: Getting Them Right!

Event ID: 2142996
Not for Sale
Recording: Unable to attend? A recording will be available after the presentation.
Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Kenneth Agle, president, AdvisX
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Services)

Suspicious Activity Reports and Investigations: Getting Them Right!

Financial institutions must have employees that are familiar with the answers to a number of questions about suspicious activities. What kinds of activities are considered suspicious? How do you determine whether the activity in an alert generated by the AML System merits investigation? What kind of information should be collected and reported while completing an investigation? What kind of information should be gathered and presented in a Suspicious Activity Report? The need for continual training is evident. This webinar will provide you with the information you need to address these issues and make sure that your Suspicious Activity Reports (SARs) and investigations will meet regulatory expectations.

No matter how sophisticated your BSA/AML systems are, they can’t do everything to keep financial institutions compliant with BSA regulations. In fact, many institutions are finding that automated systems can be unwieldy without experienced personnel to point the system in the right direction and interpret its findings. And what’s more, no system can possibly collect all of the necessary information to determine whether an alert actually represents suspicious activity, complete a detailed investigation, and complete the required reporting documents. Much of this effort, then, falls to the personnel in the institution’s BSA Department. An AML System is designed to be a tool or model, but by itself, it cannot complete all of the necessary tasks involved in detecting, investigating, and reporting suspicious activity.

This webinar provides examples of different types of suspicious activities and walks through the process of investigating and reporting identified occurrences. With this knowledge, an institution can expect its personnel to more effectively identify suspicious activity using its AML System, conduct robust investigations, and craft powerful Suspicious Activity Reports.

Please join Ken Agle, president of AdvisX, as he guides you through what detecting and reporting suspicious activity is supposed to look like.


Join this webinar to learn:

  • The types of suspicious activities that you should be looking for as part of your AML program.
  • The role of BSA/AML systems in detecting potential suspicious activity.
  • Techniques and processes to follow to ensure that your investigation of suspicious activity is covering everything it needs to.
  • Guidance on completing Suspicious Activity Reports and an overview of the most common problems associated with SAR completion.
  • An overview of the kind of information that should be included in a SAR narrative.

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