Unusual Activity Referral
This form is used to report observations of unusual or suspicious activity to the Security, Risk & Loss Prevention Department and is for internal use only.
Suspicious activity includes but is not limited to:
- Insider abuse involving any amount (employees, officers, directors, board, volunteer, CU affiliate)
- Avoidance of any CTR requirement
- Funds derived from illegal activities
- Hiding funds or assets with intent to evade or violate Federal law
- Evasion of any BSA regulations
- Transactions that have no apparent business or lawful purpose
- Activity outside what the member normally conducts and the Credit Union knows of no reasonable explanation for the transaction
Regardless of whether a SAR is filed, this form and the information on it, as well as any SAR filed, must be kept confidential. The Bank Secrecy Act prohibits any Credit Union employee, officer, director, board member, volunteer or Credit Union agent from notifying any person involved in a transaction that the transaction has been reported.