When should the credit union consider notifying law enforcement in relation to SAR filings?

The correct response highlights the importance of established internal protocols when it comes to notifying law enforcement in relation to Suspicious Activity Reports (SARs). Credit unions and other financial institutions often have specific criteria or guidelines that dictate when and how law enforcement should be involved. This can depend on various factors, including the nature of the suspicious activities, the potential risks involved, and the policies set forth by the institution itself or relevant regulatory bodies.

Notifying law enforcement should be a measured decision based on these set criteria rather than an automatic action triggered by just any SAR filing or transaction threshold. The intention is to ensure that communication with law enforcement is both effective and pertinent, thus avoiding unnecessary engagement in situations where law enforcement’s involvement may not be warranted or productive.

In contrast, the other choices suggest an approach that lacks the nuance and specificity required in such matters. Always notifying immediately after a filing does not consider situations where law enforcement involvement isn’t necessary based on the nature of the suspicion. The second option mistakenly ties the decision to a monetary threshold, which can lead to overlooking suspicious activities that fall below that limit. Lastly, claiming that law enforcement is not involved with SARs ignores the reality that SARs are a crucial aspect of the reporting process designed to cooperate with law enforcement