Suspicious Activity Report (SAR) Revised To Support Joint Filing and Reduce Duplicate SARs

GuidanceFederal Deposit Insurance Corporation (FDIC)
Federal Reserve Board (FRB)
Financial Crimes Enforcement Network (FINCEN)
National Credit Union Administration (NCUA)
Office of the Comptroller of the Currency (OCC)Risk Management

The Financial Crimes Enforcement Network (FinCEN) and the federal banking agencies announced Thursday that the format for the Suspicious Activity Report by Depository Institutions (SAR-DI) has been revised to support a new joint filing initiative, which will reduce the number of duplicate SARs filed for a single suspicious transaction. The revisions are the result of a joint effort by FinCEN and the federal banking agencies.

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