A SAR Is Born

Kevin Sullivan

Chapter Chapter 7 in Anti-Money Laundering in a Nutshell, 2023, pp 167-186 from Springer

Abstract: Abstract The main method for financial institutions to communicate their money laundering concerns to law enforcement is via a Suspicious Activity Report (SAR). This chapter details how to craft a well written SAR, and what happens to that SAR after the financial institution forwards it to FinCEN. Many very big money laundering and terrorist financing cases began with a financial institution submitting a SAR. I can not detail enough how important this activity is to fighting crime.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:979-8-8688-0066-5_7

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DOI: 10.1007/979-8-8688-0066-5_7

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