The New SAR & Your AML Program: Joint Filings, Suspects & Detailed Transaction Requirements: Effective July 1, 2012

Presenter: Deborah L. Crawford, gettechnical inc
Date: Wednesday, May 9, 2012
Time: 2:00 - 3:30 pm Central

Focus:
The new SAR form 112 will require changes to financial institutions’ anti-money laundering (AML) programs.  The detailed transaction requirements and the suspect information may require changes to incident reports for the frontline when filing a red flag.  Credit unions may have to add data fields to new accounts worksheets to gather emails, gender, NAICS, phone numbers, and more in order to complete the required SAR fields.  Implementing the new forms and information will require thought and detailed analysis of present processes.  This program will provide a sample SAR policy, sample incident reports for the frontline, a new accounts worksheet, a form for due diligence with joint filers, and much more.  This program is beyond nuts and bolts.  You will come away with a comprehensive integration plan for the new SAR into your credit union’s AML program.  Don’t miss receiving these helpful tools!
 

What You Will Learn

  • Navigate through the new SAR – a section-by-section overview
  • The impact of joint filings with 314 B:  What are each party’s responsibilities?
  • Developing an Excel template for your detailed transactions attachment
  • Construct a template for your narratives that follows the specified format
  • Handling suspects, multiple suspects, and no suspect
  • Reporting what happened at what branch with which financial institution
  • Working with suspect information:  NAICS, countries, multiple addresses, emails, and phone numbers
  • Developing a new incident report for the frontline to detect red flags
  • Gathering information at account opening to help with SAR investigations down the road

Who Should Sign Up?
This informative session will benefit BSA officers, BSA coordinators, compliance officers, security officers, and anyone involved with reporting and gathering information for SARs.

About the Presenter:
Deborah Crawford is the President of gettechnical inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation.  Her 27+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees. 

Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.

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