FinCEN Updating Suspicious Activity Report

Feb 12, 2018
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The Financial Crimes Enforcement Network in June is updating the Suspicious Activity Report available on the Bank Secrecy Act E-Filing System.

Batch filers will be required to submit the updated FinCEN SAR data in an XML-based file, rather than the current ASCII fixed-length delimited file format.

The new format also will include a new “cyber event” category, new subtype selections and text fields, and other updates.

Read Notice from FinCEN