On what basis are CTRs filed, how are they distinguishable from SARs, and which government agencies are they filed? What is the only circumstance you may confide in a customer the details of a SAR when asked by the customer? Private banking is the one exception where SARs are discretionary for customers whose net worth is greater than 7,500,000.00 because the US Treasury has a special government watch program for those individuals. Why is this statement true? What are the major terms of the US government's deferred prosecution agreement with HSBC?
