Description
FinCEN estimates that the Suspicious Activity Report (SAR) takes on average two hours to complete. However, many AML/CFT professionals that wrestle with the myriad of check boxes, investigation, and SAR narrative challenges find that the process takes significantly longer.
Navigating the FinCEN Electronic Filing Instructions, software mapping, and general understanding of the sheer volume of suspicious activity typologies challenges even experienced professionals. In this session, we’ll navigate the various fields, check boxes, highlight some pain points and common areas where mistakes are made, and provide examples of when certain check boxes should be used.
Key takeaways:
- Define suspicious activity types
- List common SAR completion errors
- Discuss FinCEN Guidance for SAR completion
- Demonstrate impact of FinCEN advisories and SAR requirements
- List requirements for completing the SAR narrative
* Please note that the recording links will be delivered to you via a downloadable PDF in your confirmation e-mail. The PowerPoint that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
