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August 5, 2015
HMDA – Beyond the Input
Patricia Cashman

August 11, 2015
ABCs of HSAs
Whitney Johnson

August 12, 2015
Part I: Flood Insurance - Everything You Need To Know (including June 2015 Rules)
David Dickinson and Jerod Moyer

August 13, 2015
Currency Transaction Report (CTR): Line-By-Line for Tellers
Deborah Crawford

August 18, 2015
Disaster Recovery Revisited: 5 Things You May Not Have Considered (for a while)
David Reed

August 20, 2015
Automated Monitoring Systems: Implementation to Validation
Brian Crow

August 25, 2015
MasterCard & Reg E Error Resolution
Brian Crow



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#172112 - 03/22/04 03:09 PM FinCEN SAR Software Version 5.1
MackenzieS Offline
Diamond Poster

Registered: 07/08/02
Posts: 1722
Loc: Oklahoma
Have any of you downloaded this software for processing SARs? The directions on the website state that you have to apply for a Transmittal Code Number from the Detroit Processing Center before you install the software.

I have a couple of questions, first - do you have to call and obtain this information or do you have to print and fax the "Application for Magnetic Media Reporting of Suspicious Activity Reports"? My next question is - if you have to file through a diskette where is the benefit? To me it is easier to type the report, print, and mail it.

I hope someone can shed some light on this. Has anyone heard if FinCEN ever intends to create a secure site where we can file reports via the internet and do away with diskettes and paper?

Here is the site in case anyone else is interested: FinCEN

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BSA/AML/CIP/OFAC
#172113 - 03/22/04 03:52 PM Re: FinCEN SAR Software Version 5.1
BooBoo Offline
Member

Registered: 02/19/03
Posts: 61
Loc: KC, MO
Print and fax the form to get the code assigned to your bank. We use the software to prepare the SAR, but print and mail it rather than sending the diskette (we only do about 6-8 SARs a year).
_________________________
Please take all comments with a grain of salt (preferably on the outside of a margarita glass).

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#172114 - 03/22/04 03:56 PM Re: FinCEN SAR Software Version 5.1
To Do or Not To Offline
Gold Star

Registered: 02/01/02
Posts: 456
Loc: USA
We send by diskette. I've only been in this department three years. The code was here when I took over this job. We only send 6-8 per year. Things happen in multiples so I usually have two to send at a time.

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#172115 - 03/22/04 04:18 PM Re: FinCEN SAR Software Version 5.1
MackenzieS Offline
Diamond Poster

Registered: 07/08/02
Posts: 1722
Loc: Oklahoma
Quote:

We send by diskette. I've only been in this department three years. The code was here when I took over this job. We only send 6-8 per year. Things happen in multiples so I usually have two to send at a time.




Do you send a diskette or print and mail too?

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#172116 - 03/23/04 09:10 AM Re: FinCEN SAR Software Version 5.1
John Burnett Offline


10K Club

Registered: 10/27/00
Posts: 32406
Loc: Cape Cod
We use the software to enter our SAR information. We print a file copy of the SAR, but submit to FinCEN via diskette. The software provides a convenient template for creating the SAR itself; we believe that sending the diskette provides for speedier entry of the data into the SAR database, with no transcription errors (other than those we might have made at our end).
_________________________
John S Burnett
BankersOnline.com

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