Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
BSA e-filers have new SAR validations process
WASHINGTON (12/7/09)—As of Dec. 12, the Financial Crimes Enforcement Network (FinCEN) will launch the second phase of its Bank Secrecy Act (BSA) E-Filing Suspicious Activity Report (SAR) Acknowledgements and Validation process. Phase I was implemented in September and provided BSA E-Filers with an acknowledgement of receipt for a submitted SAR. This second phase, according to FinCEN, applies data quality checks and will provide filers with information on the quality of their submissions for electronically filed SARs of all types: Suspicious Activity Report by Depository Institutions (SAR-DI), Suspicious Activity Report by the Securities and Futures Industries (SAR-SF), Suspicious Activity Report by Casinos and Card Clubs (SAR-C), and Suspicious Activity Report by Money Services Businesses (SAR-MSB). The BSA E-Filing system offers filers a self-enrollment feature. There is no enrollment deadline at this time; however, FinCEN strongly encourages filers to enroll to receive critical error feedback through this feature.
Other Resources

RSS





print
News Now LiveWire
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
28 minutes ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
28 minutes ago
#BlackFriday financial promotions at #creditunions via @GOBankingRates http://t.co/mvcbv5A3QN
1 hours ago
.@PayPal co-founder launches payment-plan lending for online purchases via @CNBC http://t.co/c1FnZHaQya
1 hours ago
Skimming remains biggest security threat for ATMs says @ATM_Industry global survey #NewsNow http://t.co/VIcX8yGqmY
1 hours ago