Financial compliance expert Michael Schidlow will delve into the intricacies of the SAR audit process. You will learn what details must be included and which factors are subject to the most scrutiny.
What You'll Learn
- What are the essential SAR requirements?
- What testing is typically applied to SAR filings?
- How can you enhance overall SAR quality?
- How does auditing ongoing reports differ from auditing initial filings?
- How should filers tailor reports based on risk assessment?
Training Overview
Suspicious Activity Reports (SARs) can be one of the most challenging areas to understand for investigations and audits. Stakeholders may not always recognize the rationale for escalation, filing, and exit. The COVID-19 pandemic makes it particularly crucial to be vigilant and detail-oriented with SAR filings as suspicious activities run rampant and regulators increase their oversight.
You need to understand the nuances of investigations and SAR filings to enhance outcomes and get ahead of your testing team's potential issues.
- What are the essential SAR requirements?
- What testing is typically applied to SAR filings?
- How can you enhance overall SAR quality?
- How does auditing ongoing reports differ from auditing initial filings?
- How should filers tailor reports based on risk assessment?
Who Should Attend?
- Audit staff
- Investigators
- Law enforcement
- Legal professionals/attorneys
- Compliance staff
Expert Presenter
Michael Schidlow
- Financial crime compliance advisory and training consultant
- Over fourteen years of experience in the legal, compliance, and audit fields
- Previously has held leadership roles with Bank of America and HSBC
- Certified Fraud Examiner (CFE)
- Certified AML Audit Specialist (CAMS-Audit)
- Licensed attorney
- Professor of criminal justice and ethics