Suspicious Activity Reporting Requirements for Financial Institutions | Practical Law

Suspicious Activity Reporting Requirements for Financial Institutions | Practical Law

A detailed overview of banks' requirements to file suspicious activity reports (SARs) with the Financial Crimes Enforcement Network (FinCEN). This Note also discusses the recordkeeping and confidentiality requirements of a SARs filing and liability protection for institutions filing SARs.

Suspicious Activity Reporting Requirements for Financial Institutions

Practical Law Practice Note 6-604-9506 (Approx. 11 pages)

Suspicious Activity Reporting Requirements for Financial Institutions

by Practical Law Finance
MaintainedUSA (National/Federal)
A detailed overview of banks' requirements to file suspicious activity reports (SARs) with the Financial Crimes Enforcement Network (FinCEN). This Note also discusses the recordkeeping and confidentiality requirements of a SARs filing and liability protection for institutions filing SARs.