Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
FinCEN sets BSA SAR webinars
WASHINGTON (9/12/12)--Bank Secrecy Act (BSA), Currency Transaction Report (CTR), Designation of Exempt Person (DOEP) and Suspicious Activity Report (SAR) filing tips will be discussed at a pair of upcoming Financial Crimes Enforcement Network (FinCEN) webinars.

The first FinCEN webinar is scheduled to begin at 1 p.m. ET on Sept. 18 and will address BSA and SAR filing. FinCEN staff will also review frequently asked questions about the new SAR forms during the webinar.

The second FinCEN webinar, which is scheduled to begin at 1 p.m. ET on Oct. 2, will also address the BSA E-filing process. CTR and DOEP filing will also be discussed during the webinar.

FinCEN in 2011 approved a series of technical SAR and CTR changes. The form changes were made to ease the transition from the current paper SAR form submission model to a newer electronic filing model, and the changes will take effect on March 31, 2013. FinCEN has said the switch to all-electronic filing would improve efficiency, reduce costs for the financial industry, and enhance the ability of investigators, analysts, and examiners to gain better and more timely access to important financial information.

For more on the webinars, use the resource link.
Other Resources

RSS print
News Now LiveWire
Economic activity slowed in June, according to the #Chicago Fed's national activity index, released today #Market http://t.co/1pN6peM8my
10 hours ago
Money burns a hole in workers' pockets after payday, despite best intentions via @WSJeconomy http://t.co/A9SNiUdf9v
10 hours ago
"SAR Stats," new from #FinCEN, focuses on #bitcoin. See #NewsNow http://t.co/vS7iTwY2SW
12 hours ago
.@CFPB now accepts consumer complaints on prepaid cards, debt settlement services, credit repair services, and pawn and title loans.
12 hours ago
.@WellsFargo to process transactions in order received, not high to low http://t.co/g0jWJoegoJ
13 hours ago