FinCEN Issues New Edition of the SAR Review
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) published on April 15, 2005 the eighth edition of The SAR Activity Review – Trends, Tips & Issues (the "SAR Review"). The SAR Review, which examines and analyzes Suspicious Activity Reports (SARs) filed under the Bank Secrecy Act, has been redesigned and will now be published three times per year. The current edition of the SAR Review contains a message from FinCEN's Director discussing the steps the agency is taking to address the need for greater clarity and consistency in the application of the suspicious activity reporting regulation. In addition, the SAR Review provides a detailed discussion of SARs related to terrorist financing and SARs filing trends in one facet of the casino and card club industry. The SAR Review also contains a summary of SARs used in criminal investigations, tips on SARs form preparation and filing and an overview of the recently issued guidance for filing SARs when also reporting under the Office of Foreign Assets Control List of Specially Designated Nationals and Blocked Persons.
The current edition of the SAR Review is available on FinCEN’s website at www.fincen.gov/sarreviewissue8.pdf.
Labels: FinCen
|posted by Douglas N. Jacobson| Permalink 
