Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Time's Up: All BSA Reports Must Be E-Filed Now
WASHINGTON (4/1/13)--Time's up! Credit unions and other financial institutions must begin using new, online-only Bank Secrecy Act (BSA) report forms starting today, the Financial Crimes Enforcement Network (FinCEN) reminds.

Suspicious Activity Reports, Currency Transaction Reports, Registration of Money Services Business, and Designation of Exempt Person Reports are among the reformatted reports that must be filed electronically, FinCEN said.

FinCEN said reports that are filed in paper format may be rejected, and returned to the institution that filed them. "Financial institutions that continue to file mandated reports in paper format will fail to meet BSA reporting requirements and may be subject to civil money penalties," FinCEN added.

Use the resource link for the FinCEN advisory.
Other Resources

FinCEN Release
RSS print
News Now LiveWire
Reg relief,transparency, accountability,supporting low-income CU members,promoting diversity R some priorities of @TheNCUA bd mmbr McWatters
6 minutes ago
.@CUANYtweets reminds NY #creditunions to submit stories for 2014 MORE Report
33 minutes ago
New Calif law OKs e-filng of weekly deposit reports, eases #creditunion stressor See #NewsNow http://t.co/slhaUDNdYH
1 hours ago
CU-supported Ruben Gallego won Dem primary for congressional seat in Ariz's 7th District v. better-know opponent. http://t.co/WXDugmNsOj
2 hours ago
.@TheCCUL names 6 finalists for @CUaware Protege competition. See #NewsNow Wed
17 hours ago