Posts Tagged ‘SAR’

On Compliance: Make the most of your SAR writing efforts

On Compliance: Make the most of your SAR writing efforts

Suspicious activity report writing and filing is arguably one of the most important responsibilities of financial crimes professionals. In 2018, FinCEN Director Kenneth A. Blanco testified that Bank Secrecy Act reporting, particularly through CTRs (currency [...]

CUNA offers FinCEN improvements to BSA/AML requirements

CUNA offers FinCEN improvements to BSA/AML requirements

CUNA urged the Treasury’s Financial Crimes Enforcement Network (FinCEN) to ensure any regulatory changes it pursues relating to the collection of information filings be as minimally burdensome on credit unions as possible. CUNA’s [...]

Fine-tune your SAR system

Fine-tune your SAR system

“Suspicious activity reporting forms the cornerstone of the Bank Secrecy Act (BSA) reporting system” and is critical to combating terrorist financing, money laundering, and other financial crimes. So says the Federal Financial Institutions Examination Council’[...]

FinCEN Issues FAQs For Filing SARs And CTRs

The Financial Crimes Enforcement Network has issued two sets of frequently asked questions on the use of the new online suspicious activity report and currency transaction report – the only acceptable forms of SAR and CTR [...]

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