FinCEN and Other Federal Banking Agencies Provide Much-Needed Guidance on Suspicious Activity Reports
By EsqSocial Corporation 27/01/21
SARs Do Not Need to Be Filed At the First Sign of Potential Problems - Honoring “Keep Open” Letters from Law Enforcement Should Not Lead to Criticism - On January 19, 2021, the Financial Crimes Enforcement Network (FinCEN), along with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the National Credit Union Administration jointly published Answers to Frequently Asked Questions Regarding...
By: Ballard Spahr LLP