FinCEN Answers FAQs and Offers Guidance on SAR Reporting

On January 21, 2021, the Financial Crimes Enforcement Network (FinCEN), along with federal financial institution regulators, issued responses to frequently asked questions on suspicious activity reports (SARs) and other anti-money laundering (AML) requirements.  The stated goal of this release is to clarify regulatory requirements and assist financial institutions with compliance obligations, particularly SAR filing, while [...]