Description
Gain a better understanding of suspicious activity reporting and the bounds of SAR confidentiality.
Many persons involved in lending arrangements may not fully understand whether the arrangement is subject to antimoney laundering (AML) compliance requirements, including the need to file suspicious activity reports (SARs) with the U.S. Department of the Treasurys Financial Crimes Enforcement Network (FinCEN), what is required to be reported on SARs, how they are filed with FinCEN, and why they need to be kept confidential. This presentation will help those involved in lending arrangements understand the federal antimoney laundering (AML) compliance requirements applicable to their business, with a particular focus on suspicious activity reporting and the bounds of SAR confidentiality.
Date: 2022-11-18 Start Time: 1:00 PM ET End Time: 2:30 PM ET
Learning Objectives
* You will be able to describe how to write effective SAR narratives.
* You will be able to discuss how to file SARs with FinCEN.
* You will be able to explain why SAR confidentiality is so important.
* You will be able to identify a potential SAR disclosure issue.