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.