VIENNA, Va. (3/8/13)--The Financial Crimes Enforcement Network (FinCEN) sent out a reminder Thursday that credit unions and all other financial institutions and entities that must file Bank Secrecy Act (BSA) have an April 1 e-filing deadline approaching.
Last February, FinCEN issued a final notice requiring the electronic filing of most BSA reports by July 1, 2012.
That action specifically required submission of Suspicious Activity Reports, Currency Transaction Reports, Registration of Money Services Business, and Designation of Exempt Person Reports.
FinCEN yesterday said financial institutions are reminded that they must begin using the new FinCEN reports, which are available only electronically through the BSA E-Filing System, the first of April. Use the resource link for more.