> *paperwork that should be automated* It’s very difficult to automate SARs. In ... | Hacker News

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JumpCrisscross on Sept 10, 2020 | parent | context | favorite | on: SEC Charges Interactive Brokers with Repeatedly Fa...

> paperwork that should be automated

It’s very difficult to automate SARs. In part due to them requiring a compliance officer personally signing off on their validity.

bostik on Sept 10, 2020 [–]

At least you should have in-house automation flagging potential SAR cases. Then have compliance staff review those and escalate the valid ones.

We have a setup like that in place, and we're a gambling operation. A broker-dealer handling far larger sums of money really has no excuse.

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