Regulatory Alerts2010-10-15
Added
Comment Request; Bank Secrecy Act Suspicious Activity Report Database Proposed Data Fields
The Financial Crimes Enforcement Network invites comments on proposed data fields for a new modernized electronic database supporting Bank Secrecy Act Suspicious Activity Report filings. This initiative seeks input on technical specifications for dynamic, interactive reports and XML-based filing processes without altering existing regulatory requirements or filing obligations. The request covers specific regulations under 31 CFR Parts 103.15 through 103.21 and applies to all financial institutions required to file SARs, including depository institutions, broker-dealers, and money services businesses. Written comments must be received by December 14, 2010.
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