What is a report of suspicious activity?

In the United States, there is a report on suspicious activities (SAR) a document that is a financial institution, such as a bank, a credit union or money trade, required if it believes that the customer's behavior is suspicious. Suspects reporting reports are required under the conditions of the Bank Secrets Act approved in 1970, and the reports are focused on the network for recovery of financial crimes. If these messages are submitted, a customer who is suspected is not informed. The message must be submitted within 30 days of discovering facts that indicate that the customer's activity is suspicious. It can be initiated by any employee, such as a cashier or manager, and the original employee does not discuss a suspicious report on activities with co -workers, unless necessary.

Some events may evoke an automatic report on suspicious activities, and in other cases, people are expected to use their judgment in terms of determining whether the message should be submitted. Generally applies, ŽE If someone suspects that money washing, the movement of money to support terrorist activities or fraud occurs, there is an obligation to report on suspicious activities. For example, if someone normally brings cash bags to a deposit and a step -out company, this may be the reasons for reporting. Likewise, if someone involved in the transaction and then suggests that there will be a reward for not giving it a report on the suspicion that it would trigger a submission.

The report contains details about the financial institution, customer and activities considered suspicious. Once filed, further investigative steps may be taken to remove the matter or to collect evidence that can be used for prosecution. Data is also used in a database that collects information about samples across the financial industry. These formulas can be used in further investigations and analysis of banking activities to search for warning signals, while the coercive authorities seek to keep up with current trends in money and fraudech.

If someone deals with activities that results in a report on suspicious activity and the activity is actually innocent, it will be revealed during the investigation. There may be quite legitimate reasons for people to do things that look special for the bank staff. It is suitable for people who know that their banking formulas are changing to alert the bank to avoid starting these messages. For example, if someone starts to receive remittances from an overseas family member who works in a foreign company and the bank is notified in advance, it will not be concerned about deposits.