Apr 1, 2013 · Under the Bank Secrecy Act (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering.

Oct 9, 2025 · The OCC, FinCEN, Federal Reserve Board, FDIC, and NCUA, issued answers to FAQs related to Suspicious Activity Reports (SAR) to clarify regulatory requirements and …

When filing a SAR for continuing activity, the date or date range of suspicious activity (Item 30 on the SAR form) should include the entire 90-day period starting on the date immediately 9 “As a …

SAR information also assists in detecting and preventing the flow of illicit funds through our financial systems. Given more recent concerns like mortgage fraud, consumer loan fraud and …

Sep 8, 2025 · A basis for filing a SAR includes circumstances where a bank detects any known or suspected federal criminal violation, or pattern of criminal violations, committed or attempted …

The OCC prescribes regulations, conducts supervisory activities and, when necessary, takes enforcement actions to ensure that national banks have the necessary controls in place and …

Nov 24, 2025 · Suspicious Activity Reports (SAR) As of April 1, 2013, financial institutions must use the Bank Secrecy Act BSA E-Filing System in order to submit Suspicious Activity Reports.

SAR regulations currently contain no express exemption provisions similar to FinCEN’s general authority to grant exemptions from the requirements of the BSA. This disparity in exemption …

Jun 24, 2003 · Pursuant to 12 CFR 21.11, all national banks, as well as all federal branches and agencies of foreign banks licensed by the Office of the Comptroller of the Currency (OCC), are …

Jan 21, 2021 · The OCC, Financial Crimes Enforcement Network, and other federal financial regulatory agencies issued responses to frequently asked questions regarding suspicious …