SAR Writing: Using Purpose and Clarity to Aid Law Enforcement
SAR writing is easier said than done. BSA Officers often ask, “What happens to our SARs once submitted? Is anyone even reading this information? How do I alert law enforcement to COVID-19 related fraud?” In a never-ending sea of SARs filed with FinCEN each year, it is important that your SARs are noticed and read by law enforcement. Learn how to craft a SAR narrative that tells your story and captures the attention of law enforcement while maintaining regulatory requirements.
Join this session to learn:
- Discover the minimum requirements of information that must be in your SARs
- How to write effective and captivating narratives for your audience: law enforcement
- Learn the FinCEN SAR narrative requests for COVID-19 related fraud
- Gain confidence in meeting all SAR writing regulatory expectations
Be sure to download our accompanying whitepaper, “SAR Writing Checklist: Elements of an Effective Suspicious Activity Report Narrative” to ensure you are incorporating the key items law enforcement looks for in a quality SAR.
This session is eligible for 1.25 credits CAFP & CRCM, 1 credit CAMS & CFCS
Terri Luttrell, CAMS-Audit
Terri Luttrell is a seasoned AML professional and former director and AML/OFAC officer with over 20 years in the banking industry, working both in medium and large community and commercial banks ranging from $2 billion to $330 billion in asset size. She has successfully worked with institutions in developing BSA/OFAC programs, optimizing various automated solutions, and streamlining processes while ensuring all regulatory requirements are met. As the Compliance and Engagement Director at Abrigo, Terri provides insights that contribute and support long-term banking strategies based on analysis of market and industry trends, competitor developments, and financial and regulatory technology changes. She is an audit-certified anti-money laundering specialist and a board member of the Central Texas chapter of the Association of Certified Anti-Money Laundering Specialists (ACAMS). Terri earned her bachelor’s degree in business administration, specializing in business and finance, from the University of North Texas.