New Procedures for Helping Investigators
There are four separate measures financial institutions should be taking to help law enforcement in the wake of the terrorist attacks:
Designate a senior level person to be the recipient of the emailed Control List of individuals and entities put together by the FBI and other law enforcement agencies. Read about the joint interagency request for cooperation and how to comply in Cooperating with Law Enforcement
FinCEN has established a FINANCIAL INSTITUTIONS HOTLINE, 1-866-556-3974, for financial
institutions to voluntarily report to law enforcement suspicious transactions that may relate to recent terrorist activity against the United States. The purpose of the Hotline is to facilitate the immediate transmittal of this information to law enforcement. It will be operational
seven days a week, 24 hours a day.
File an SAR on suspicious activity. Fill out the SAR accurately and completely. Explain the suspicious transaction as completely as possible in the narrative section of the SAR. Include the following information in the SAR, if applicable: any correspondent bank name/acco8unt info; names/locations of business entities; names of cities, countries and foreign financial institutions linked to the transaction, especially if wire transfer activity is involved; and account numbers and beneficiary names. In addition, on the SAR, check the "Other box on Part III, Line 35(a), of the SAR, and type in "terrorism" immediately following the box.
The OFAC list has numerous updates relating to individuals and organizations believed to be connected to the terrorist attacks. The last update was made 10/12/01. For more information go to our OFAC page.
Businesses Can E-Mail Disaster Questions to IRS
The Internal Revenue Service activated an electronic mailbox to provide assistance and answers to business taxpayers affected by the September 11 terrorist attacks. Businesses can send their questions to corp.disaster.relief@irs.gov. 10/2/01
TREASURY CANCELS SEPTEMBER BUYBACK OPERATIONS - The Treasury has announced the cancellation of the buyback operations scheduled for September 20 and September 27, 2001. The Treasury intends to resume its regularly scheduled buyback operations next month, with buybacks scheduled for October 18 and October 25, 2001.
9/18/01
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