Suspicious Activity Report SAR

01-RA-11 / October 2001
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 forward a copy of the June 2001 issue of SAR Bulletin, published by the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The publication is part of a series of overviews of trends and patterns in money laundering derived from the Suspicious Activity Report (SAR) database that can help financial institutions prevent and detect financial crime. The SAR Bulletin also may be found on FinCEN’s Web site at www.treas.gov/fincen.

Also attached is a copy of the second edition of The SAR Activity Review, 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. The SAR Activity Review and FinCEN's press release about the publication also may be found on FinCEN's Web site.

Sincerely,

/s/

Dennis Dollar

Chairman

Last modified on
04/02/20