What type of SAR is filed if a member is terminated for AML compliance reasons?

When a member is terminated for AML compliance reasons, it is necessary to file a specific type of Suspicious Activity Report (SAR) that accurately reflects the circumstances surrounding the termination. In this case, a Marijuana Termination SAR is appropriate because it is specifically designed to report the termination of a member whose involvement may raise suspicions regarding compliance with Anti-Money Laundering (AML) regulations, particularly in the context of marijuana-related businesses.

This type of SAR is crucial for regulators to track potential patterns of financial crimes, especially considering the unique legal landscape surrounding marijuana, which can involve complex compliance issues. Filing this SAR ensures that the regulatory authorities are informed about actions taken in relation to potential violations and helps maintain diligence in reporting unusual activities linked to members involved in the marijuana industry.

In contrast, the other types of SARs mentioned serve different purposes: a Marijuana Priority SAR focuses on more urgent issues, a Marijuana Limited SAR indicates less severe compliance concerns, and a General SAR is used for a wider range of suspicious activities unrelated to marijuana. Therefore, the specificity and relevance of the Marijuana Termination SAR make it the most appropriate choice in this scenario.