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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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FAQs on SARs and other AML considerations

The FDIC, Federal Reserve Board, FinCEN, NCUA, and OCC have issued responses to frequently asked questions regarding suspicious activity reporting and other AML considerations for financial institutions that are required to submit Suspicious Activity Reports (SARs).

The answers clarify SAR/AML requirements in order to assist financial institutions with their compliance obligations and enable them to focus resources on activities that produce the greatest value to law enforcement agencies and other government users of Bank Secrecy Act (BSA) reporting.

The FAQs address the following topics:

  • requests by law enforcement to maintain accounts
  • receipt of grand jury subpoenas and law enforcement inquiries
  • maintaining customer relationships following the filing of SARs
  • filing SARs based on negative news media searches
  • information provided in SAR data and narrative fields
  • SAR character limits

The FAQs neither alter existing BSA/AML requirements, nor establish new supervisory expectations.

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