Get Sar Report

When a SAR is filed, five sections of information are required. First, reporters collect names, addresses, social security numbers, birth dates, driver licenses or passport numbers, occupations, and phone numbers of all parties involved.

File reports of cash transactions exceeding $10,000 (daily aggregate amount); and. Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion).

Filing Deadlines: A FinCEN SAR shall be filed no later than 30 calendar days after the date of the initial detection by the reporting financial institution of facts that may constitute a basis for filing a report.

Banks may monitor for structuring activity as it is often associated with money laundering. Unusual or Unexplained Transactions: Transactions that are inconsistent with a customer's known financial profile or that lack a clear business purpose may be considered suspicious by banks.

Suspicious Activity Reports (SARs) alert law enforcement to potential instances of money laundering or terrorist financing.

The purpose of the Suspicious Activity Report (SAR) is to report known or suspected violations of law or suspicious activity observed by financial institutions subject to the regulations of the Bank Secrecy Act (BSA).

With limited exceptions, SARs are used to report all types of suspicious activity affecting depository institutions, including but not limited to cash transaction structuring4, money laundering, check fraud and kiting, computer intrusion, wire transfer fraud, mortgage and consumer loan fraud, embezzlement, misuse of ...

Filing Deadlines: A FinCEN SAR shall be filed no later than 30 calendar days after the date of the initial detection by the reporting financial institution of facts that may constitute a basis for filing a report.