ABSTRACT

Financial Crimes Enforcement Network Guidance: Preparation Guidelines for Use of Special Response in FinCEN Form 109, Suspicious Activity Report by Money Services Business (Form Date March 31, 2007), May 2, 2008   [open pdf - 57KB]

"The Financial Crimes Enforcement Network ('FinCEN') is issuing this guidance to assist money services businesses ('MSBs') in correctly completing FinCEN Form 109, Suspicious Activity Report by Money Services Business ('SAR-MSB'). On October 10, 2007, FinCEN issued guidance entitled, 'Suggestions for Addressing Common Errors Noted in Suspicious Activity Reporting,' which highlighted the importance of filing complete and accurate SARs especially with regard to those item fields designated as critical. Subsequently, FinCEN updated the instructions to the SAR-MSB on February 29, 2008 to reflect the importance of proper completion of those critical fields. The present guidance highlights the SAR-MSB instructions for completing a critical field when information is unavailable or inapplicable. Where appropriate, the present guidance provides more detailed instructions to increase industry comprehension."

Report Number:
FinCEN Guidance FIN-2008-G006
Publisher:
Date:
2008-05-02
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network: http://www.fincen.gov
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations