SAR Correction

Posted By: Jeff79

SAR Correction - 08/07/12 02:49 PM

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?
Posted By: AFaquir

Re: SAR Correction - 08/08/12 02:33 PM

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!
Posted By: Retread

Re: SAR Correction - 08/08/12 02:50 PM

See page 56 of the SAR Review below.

SAR Review Number 6
Posted By: John Burnett

Re: SAR Correction - 08/08/12 03:44 PM

FinCEN directed last Halloween (see THIS DOCUMENT) that correction filings must be completed in full.