This webinar covers the Suspicious Activity Report (SAR) requirements, providing an overview on both the existing rules and the recent updates.What You'll Learn:

• A new text field to alert FinCEN that a SAR is being filed in response to a current GTO, advisory or other activity
• A new "Cyber Event" suspicious activity type category
• New or modified subtype selections associate with Structuring, Fraud, Gaming activities, Money laundering, Identification/Documentation, Other suspicious activities, Securities/Futures/Options, and Mortgage fraud.
• New text fields with the IP Address field to record the date and/or timestamp of the first instance of the reported IP address
• New category of fields to record up to 99 cyber events associated with the suspicious activity
• New product type selections
• New subtype selections for securities and futures institutions
• Who is a subject and who is the victim? And which goes where?
• Completing the section on the crimes. What can we check? What is each crime and can there be more than one?
• What are the 24 narrative bullet points and how to make sure they are covered
• Who can I give supporting documentation to and how?
• Working with the frontline and the system to generate information that is helpful for fraud
• Revamping and validating my fraud model. Is my model working?
• Joint SARs, continuing SARs and confidentiality issues