A compliance officer is completing a case and has determined that the events do not merit filing a suspicious activity report (SAR). Which of the following should be included in the case notes to…

The correct answer is A. Who made the decision not to file the SAR B. Why the officer deemed that the case did not merit filing a SAR. Case notes should document who made the decision and the rationale for not filing the SAR to ensure transparency, support auditability, and demonstrate compliance with regulatory

Conducting and Responding to Investigations

Question

A compliance officer is completing a case and has determined that the events do not merit filing a suspicious activity report (SAR). Which of the following should be included in the case notes to justify not filing a SAR? (Choose two.)

Options

AWho made the decision not to file the SAR
BWhy the officer deemed that the case did not merit filing a SAR
CHow much money was involved in the case
DHow the money flowed through the institution
EWhen the unusual activity occurred

How the community answered

(44 responses)

A
75% (33)
C
14% (6)
D
9% (4)
E
2% (1)

Explanation

Case notes should document who made the decision and the rationale for not filing the SAR to ensure transparency, support auditability, and demonstrate compliance with regulatory

Topics

#SAR decision#case documentation#compliance officer#no-file justification

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