Assess whether a SAR narrative is supportable today (6322e0)

Situation

An ACH originating credit union cannot treat a check deposited in two banks the same afternoon as color commentary on first-party friendly-fraud dispute pack. Payments-risk officer must close a SAR narrative is from that extract under Fraud Detection / Payments Fraud.

Decision

Payments-risk officer in an ACH originating credit union must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using first-party friendly-fraud dispute pack after a check deposited in two banks the same afternoon.

Hypotheses to test

• Authorize Remove access or reverse the item now; first-party friendly-fraud dispute pack already has the discriminator after a check deposited in two banks the same afternoon.
• Keep Temporary compensating control in force until first-party friendly-fraud dispute pack is completed after a check deposited in two banks the same afternoon for payments-risk officer.
• Treat first-party friendly-fraud dispute pack as Approve a documented exception because both readings appear after a check deposited in two banks the same afternoon.
• Refuse a Fraud Detection close: payments-risk officer does not have the page a SAR narrative is turns on in first-party friendly-fraud dispute pack.

Analysis required

• Map typology and hold authority payments-risk officer actually has in an ACH originating credit union.
• Trace funds, counterparties, and reversals in first-party friendly-fraud dispute pack through the window opened by a check deposited in two banks the same afternoon.
• Quantify loss if the hold is released before first-party friendly-fraud dispute pack is complete.
• For this Fraud Detection Payments Fraud file, read first-party friendly-fraud dispute pack against a check deposited in two banks the same afternoon and write the one fact that would move a SAR narrative is for payments-risk officer.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fraud Detection / Payments Fraud packet (first-party friendly-fraud dispute pack after a check deposited in two banks the same afternoon). Lead with the Fraud Detection option first-party friendly-fraud dispute pack can support after a check deposited in two banks the same afternoon, then the two facts that force it, then the Monday action for payments-risk officer in an ACH originating credit union.