Former BSA Officer Alleges He Was Fired for Trying to File a SAR

By Brian Monroe

Claiming that he was fired for trying to file a suspicious activity report on a customer and two employees, a former compliance officer for an East Brunswick, New Jersey-based bank has filed a lawsuit seeking an unspecified amount of lost pay, attorney's fees and punitive damages. Richard Boywitt, who worked as the Bank Secrecy Act (BSA) compliance officer at Brunswick Bank and Trust for nearly six months in 2007, has alleged the bank violated employee protection laws in a complaint filed May 1 in New Jersey Superior Court. Compliance professionals say the case is a rarity, but that if Boywitt's...