Tax Evasion, Tax Fraud and Writing an Effective SAR Narrative

This presentation will provide details on how to prepare a SAR narrative that meets examiner scrutiny and provides necessary detail for law enforcement. One of the most misunderstood areas of BSA is when and why should you file a SAR. Having the proper narrative will answer both of those concerns.

Why Should You Attend:

According to the FFIEC Exam Manual: “Suspicious Activity Reporting forms the cornerstone of the BSA reporting system.” “It is Critical to U.S’s ability to utilize financial information to combat terrorism, terrorist financing, money laundering & other financial crimes.” A thorough and complete narrative makes the difference in determining whether described conduct and its possible criminal nature are clearly understood by law enforcement.

By fitting the pieces together you can have a complete SAR narrative. This presentation will break it down by the introduction, the body and the conclusion with examples. There are several key steps and reminders for doing it right every time.

Bank Secrecy Act requires financial institutions to assist government agencies to detect and prevent money laundering. This presentation will discuss an Overview of Correspondent Banks, Tax Havens, Shell, Shelf and Offshore Companies and Trusts. We’ll discuss Tax Fraud and Evasion Money Laundering Trends and Patterns.

Areas Covered in the Webinar:

• Resources.
• What’s the difference? Tax Evasion vs Tax Fraud
• Why do I care?
• Definitions
• Why it matters
• Global Tax Evasion
• The Swiss Connection
• Tax Havens
• Ties to Money Laundering and Terrorism
• FATCA. Foreign Account Tax Compliance Act
• Identity Theft and Tax Fraud
• FinCEN & Red Flags
• The 4 C’s of writing a SAR: Clear, Concise, Chronological and Complete
• The 5 W’s: Who, What, When, Where and Why
• How did the activity occur?
• Tell the complete story by fitting the pieces together

Who Will Benefit:

• Financial Officers
• Risk Officers
• Internal Auditors
• Bank Secrecy Act Officers
• Operational Risk Managers
• Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments.

Doug Keipper
Certified Anti-Money Laundering Specialist, Leading Bank

Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and a Bank Secrecy Act Officer for a $1 billion dollar bank.
Doug sold BSA software for eight years and has taught anti-money laundering classes since 2008 throughout the southeast and online.
He has talked with over 500 BSA officers throughout the USA and Caribbean.
He has spent over 20 years in retail banking, wholesale mortgages and financial services.

Topic Background:

As a compliance and BSA officer, Doug Keipper was tasked with training his banks on all regulations. This class was developed from conversations with FBI, Department of Homeland Security, Banking Regulators and the Financial Task Force of the DEA.

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