Skip to content
GeoDataVision
Thread Options
#1728054 - 08/07/12 02:49 PM SAR Correction
Jeff79 Offline
100 Club
Joined: Dec 2008
Posts: 111
We are making a correction to Part II Box 30 regarding a previously filed legacy SAR. Do I need to repeat the entire oringinal narrative in Part V of my correction filing or can I limit to explaining only the correction?

Return to Top
BSA/AML/CIP/OFAC Forum
#1728531 - 08/08/12 02:33 PM Re: SAR Correction Jeff79
AFaquir Offline
Platinum Poster
AFaquir
Joined: Jan 2011
Posts: 763
Top of the world... and never ...
I generally treat an amended or corrected SAR as a complete filing of the original SAR. So when I correct or amend I repeat the narrative, but you can copy paste... That may just be me though.

My view is that the corrected SAR should be a one stop shop for LE with the most accurate information.

Cheers!
_________________________
In life, there is a lot less that could get better and a lot more that could get worse.

MBA Fin/MBS HR

My views only!

Return to Top
#1728546 - 08/08/12 02:50 PM Re: SAR Correction AFaquir
Retread Offline
Power Poster
Retread
Joined: Oct 2003
Posts: 2,548
Southeast
See page 56 of the SAR Review below.

SAR Review Number 6
_________________________
Politicians are like diapers. They need to be changed often and for the same reason.

Return to Top
#1728596 - 08/08/12 03:44 PM Re: SAR Correction Jeff79
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,700
Cape Cod
FinCEN directed last Halloween (see THIS DOCUMENT) that correction filings must be completed in full.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z