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#1790780 - 03/01/13 08:48 PM Repeat SAR filing timeframes from FinCEN
girlsrope2 Offline
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girlsrope2
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I am looking for the specific location of the FinCEN publication that was referred to at BSA Top Gun where repeat SAR filings are for the 90 period but have additional 30 days to get the report filed. Please help!
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#1790792 - 03/01/13 08:59 PM Re: Repeat SAR filing timeframes from FinCEN girlsrope2
Doug Hendrickson Offline
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#1790796 - 03/01/13 09:06 PM Re: Repeat SAR filing timeframes from FinCEN girlsrope2
Elwood P. Dowd Offline
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Remember, your presenter was trying to encourage attendees to look at the SAR publications when they come out, saying that sometimes they contained some good stuff? wink Later, he mentioned that the change was actually reiterated in the most recent set of SAR instructions:

4. Continuing Reports: A continuing report should be filed on suspicious activity that continues after an initial FinCEN SAR is filed. Financial institutions with SAR requirements may file SARs for continuing activity after a 90 day review with the filing deadline being 120 days after the date of the previously related SAR filing. Financial institutions may also file SARs on continuing activity earlier than the 120 day deadline if the institution believes the activity warrants earlier review by law enforcement.
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#1790800 - 03/01/13 09:10 PM Re: Repeat SAR filing timeframes from FinCEN girlsrope2
girlsrope2 Offline
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girlsrope2
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Thanks so much.
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Punishment and recovery are so rare--prevention is the only viable course of action. --Frank Abagnale

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