Suspicious Activity Report SAR

02-RA-08 / September 2002
Suspicious Activity Report SAR
Subject
BSA/AML
To
All Federally-Insured Credit Unions
To
All Federally-Insured Credit Unions
Subj
Suspicious Activity Report (SAR)

The purpose of this regulatory alert is to notify you of the August 2002 issue of The SAR Activity Review – Trends, Tips & Issues. The SAR Activity Review is published semiannually by FinCEN.

The publication provides feedback to financial institutions about suspicious activity reported to FinCEN by the institutions. It contains SAR statistics, patterns and trends of suspicious activity that have been reported, tips and guidance for financial institutions on form preparation and filing, and information about law enforcement cases in which SAR information played an important role in a successful investigation and/or prosecution of criminal financial activity. Section 2. is of particular interest as it includes a documented analysis of aspects of financial transactions that may indicate terrorist funding activity

The SAR Activity Review and FinCEN's press release about the publication also may be found on FinCEN's Web site at http://www.treas.gov/fincen/sarreview08222002newsrel.pdf.

Sincerely,

/S/

Dennis Dollar

Chairman

Last modified on
04/02/20