About Rachel Osborn

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So far Rachel Osborn has created 6 blog entries.

The Wheels on the BSA Go Round and Round: In Pursuit of the Well-Written SAR Narrative (Part 2)

Consider your BSA program as one of the wheels that supports the vehicle that is your compliance program. Within this wheel, there are several smaller components—the rim, axle, and spokes could perhaps be considered due diligence, training, and suspicious activity monitoring. For BSA, one of these crucial pieces is the suspicious activity report (SAR) narrative. [...]

By |2018-01-22T09:00:51+00:00January 22nd, 2018|Blog, Compliance Tips|Comments Off on The Wheels on the BSA Go Round and Round: In Pursuit of the Well-Written SAR Narrative (Part 2)

In Pursuit of the Well-Written SAR Narrative

Suspicious Activity Report (SAR) narratives can be one of the more problematic areas of BSA compliance. However, not only are SARs an important tool for government authorities to help fight criminal financial activity, they frequently trip up financial institutions in examinations, leading to potentially costly fines and an adverse impact on their reputations, which is [...]

By |2017-08-25T09:00:46+00:00August 25th, 2017|Blog, Compliance Tips|Comments Off on In Pursuit of the Well-Written SAR Narrative

Is Your Institution Guilty of These 7 Deadly CTR Sins?

Wrath. Greed. Sloth. Pride. Lust. Envy. Gluttony. They’re often referred to as “capital vices” due to their tendency to lead to other sins. While financial institutions deal more with money than with morals, there are several mistakes with currency transaction reports that can reflect unfavorably on your entire BSA program. Though CTRs may sound easy [...]

By |2017-07-17T09:00:39+00:00July 17th, 2017|Blog|Comments Off on Is Your Institution Guilty of These 7 Deadly CTR Sins?

Throwback: In Pursuit of the Well-Written SAR Narrative

This week we're throwing it back to our most popular blog post from last year. SARs are tricky things, but AffirmX Analyst Rachel Osborn has broken down the essential elements of a SAR into a step-by-step process in this timeless post.    Suspicious Activity Report (SAR) narratives can be one of the more problematic areas of [...]

By |2015-06-22T11:23:47+00:00June 22nd, 2015|Blog, Compliance Tips|Comments Off on Throwback: In Pursuit of the Well-Written SAR Narrative

Taming the Troublesome Continuing SAR Beast

Our most popular blog post of last year was about writing a knockout SAR narrative (you can find part one here and part two here). But when reviewing suspicious activity reports, we’ve noticed a large number of issues associated with those troublesome beasts known as continuing SARs. As such, it seems that a guide to [...]

By |2015-01-26T08:22:37+00:00January 26th, 2015|Blog, Compliance Tips|Comments Off on Taming the Troublesome Continuing SAR Beast

Is Your Institution Guilty of These 7 Deadly CTR Sins?

Wrath. Greed. Sloth. Pride. Lust. Envy. Gluttony. They’re often referred to as “capital vices” due to their tendency to lead to other sins. While financial institutions deal more with money than with morals, there are several mistakes with currency transaction reports that can reflect unfavorably on your entire BSA program. Though CTRs may sound easy [...]

By |2014-10-13T08:39:44+00:00October 13th, 2014|Blog, Compliance Tips|Comments Off on Is Your Institution Guilty of These 7 Deadly CTR Sins?