What should procedures for escalating issues from repeat SAR filings include?

The procedures for escalating issues from repeat Suspicious Activity Report (SAR) filings should encompass a comprehensive approach, which is why the option referencing all elements is the most appropriate choice. Each component plays a critical role in effectively managing and responding to repeated suspicious activity.

Reviewing by legal staff is essential to ensure that the financial institution's actions comply with legal standards and that the institution is protected from potential liabilities. Legal experts can offer guidance on how to approach the situation while upholding regulations.

Criteria for notifying law enforcement is also crucial as it determines when a situation escalates to the point that external intervention is necessary. Establishing clear guidelines helps ensure that law enforcement is informed in a timely manner, which can be vital in preventing further illicit activity.

Criteria for closing an account is an important measure, as it serves as a mechanism to protect the institution from risk associated with continued business relationships that may involve repeated suspicious activity. Having defined criteria ensures consistency in how accounts are managed in light of red flags indicated by SAR filings.

Therefore, including all these components in the escalation procedures ensures a thorough response to repeat SAR filings, aligning the institution's actions with regulatory compliance and risk management practices.