When should I file a SAR?
Filing Deadlines: A FinCEN SAR shall be filed no later than 30 calendar days after the date of the initial detection by the reporting financial institution of facts that may constitute a basis for filing a report.
How do you fill out a suspicious activity report?
How To Fill Out The SAR Report
- The name, address, social security or tax ID, birth date, drivers license number, passport number, occupation, and phone number of all parties involved with the activity.
- The date Range and codes for the type of Suspicious Activity.
What happens when a SAR is filed?
Understanding a Suspicious Activity Report (SAR)
The SAR is filed by the financial institution that observes suspicious activity in an account. The report is filed with the Financial Crimes Enforcement Network, or FinCEN, who will then investigate the incident.