- FinCEN Update of SAR Fields
FinCEN Update of SAR Fields
FinCEN is requesting comments on its proposed revisions to the data fields of the Suspicious Activity Report (SAR). The changes are mostly technical in nature, and according to the RFC, FinCEN is not proposing “any new regulatory requirements or changes to the requirements related to suspicious activity reporting.” The RFC is being made pursuant to the Paperwork Reduction Act.
CUNA welcomes input on the specific changes proposed in the RFC as well as on any other issues related to the SAR that you would like to see changed/streamlined.