Financial Services Blog

FinCEN SAR Proposal

On February 2nd the Financial Crimes Enforcement Network (FinCEN) issued a notice regarding a proposed rule to change data fields on the Suspicious Activity Report (SAR) form.  FinCEN is updating and revising over a dozen fields on the electronic SAR form.  None of the changes amounts to new requirements for SAR filings.

Comments on the proposed rule are due April 3, 2017.

Proposed Collection; Comment Request; Update and Revision of the FinCEN Suspicious Activity Reports Electronic Data Fields

, Bank Secrecy Act | Comments Off on FinCEN SAR Proposal

  • 612-397-3294

CLA’s financial institution regulatory compliance team assists banks and credit unions nationwide in establishing regulatory compliance programs, conducting compliance testing, and training staff on regulations. Justin Robinson is a member of CLA’s regulatory compliance team and can be reached at justin.robinson@CLAconnect.com.

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