Identifying and Escalating Suspicious Activity

What this video covers

• The precise escalation chain: registered representative detects, then reports to the anti-money laundering compliance officer (AMLCO), then the firm files with FinCEN, and why reps never contact FinCEN directly
• The $5,000 threshold that triggers a Suspicious Activity Report (SAR), the four specific types of suspicion that qualify, and why a firm may voluntarily file below the threshold
• The 30-day SAR filing deadline when a suspect is identified, the 60-day maximum when no suspect is identified, and the immediate telephone notification requirement for terrorist financing or ongoing money laundering
• The absolute no-tipping rule: who you cannot tell about a SAR filing, and the limited parties to whom a SAR may legally be disclosed
• The $10,000 cash threshold that automatically triggers a Currency Transaction Report (CTR), why no suspicion is required, and how multiple same-day cash transactions aggregate
• Why structuring, intentionally breaking cash transactions to stay below $10,000, is a standalone federal crime regardless of the funds' origin
• The 15-day CTR filing deadline and the 5-year record retention rule that applies to both SARs and CTRs