Title: Bank Secrecy Part 4: Suspicious Activity Report
Running time: 18:47
Description: Under federal law, financial institutions and others are required to report known or suspected criminal offenses or transactions of $5,000 or more that they suspect involve money laundering or violate the Bank Secrecy Act. Suspicious activity reporting focuses on financial transactions that appear to represent attempts to launder funds or violate banking laws. This course will explain what circumstances require SARs to be filled out.